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Gold/Mining/Energy : ATLANTA GOLD CORP. (TSE:AAG)
TWG 3.620+2.8%Feb 6 9:30 AM EST

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To: burner who wrote (182)1/25/1997 2:06:00 AM
From: Ronald P. Margraf Sr.   of 495
 
Morning Dan,

Couldn't get it to you before the market closed, been running all over
the county. Got my chores to do in the day time and work at night. Well
here is what I have for you. I have a an average based on 30 days, but
if you remove all the holidays and then figure it, it is base really on
27 days. I come up with a number of .62. Now you have to remember that
that was the time frame when we where in the upper .50s. By looking at
the chart it has been steadily going up. Ever so slightly, but still
moving up. I think that most of the selling pressure is off and we will
begin next week start to see some buying pressure coming it. Like I said
in my last post, I felt that by looking at the chart that AAG had a better
then 50% chance of going up today. It did. Only .01, but it did go up.
I think next week it will probably hit .70 and hold that at the end of
the week. I beleive that if all the info comes out next week, no matter
how small, just positive that after next week, you probably won't see
the .60s again. Now that is based on that there is now bad news. I think
that it will settle into the mid to upper .70s until we get close to the
sample results coming out and the we might see the low .80s. or upper
.70s. It looks like we are/have established a good solid base in the
upper .60s and now there is nowhere to go but up.

I will get VSY to you before Monday. I think that that will be alittle
more interesting and I would also like to see the 30 days also. I hope
this is benificial. I would suggest you ask your broker in regards to
my number for the 30 days and see if he comes up with the same thing.
Please let me know so I can compare my technique with his and see if we
are doing this the same way.

Ron
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