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Gold/Mining/Energy : Alta Gold

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To: Texas77 who wrote (197)	7/27/1997 10:04:00 AM
From: Francois H. Gaston	of 749

ALTA is looking good. It is sneaking up (like other gold mines stocks) and TA has given many buy signals last week. Of course we have had MANY buy and oversold signals in the past few months, but the real intermediate low has been in for ALTA, 2 weeks ago, IMO. And at this price ALTA is probably still a target for a takeover. After the major sell off in early July, many have bought share at or just below 2... volume has been good. Curve still suggests hesitation and prudent buying by investors. Time to watch very closely and accumulate some, especially on dips. I am afraid that we will not have a clear signal as to when to back up the truck. So I buy a few shares at what I consider now a low price for ALTA (around $2). This summer will be very interesting for gold. If things turn up positive for gold, this slow accumulation in ALTA will abruptly shoot up, as is often the case for goldstocks. Good luck all. Francois.

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