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Gold/Mining/Energy : PACIFIC BAY MINERALS, LTD-More than its name, No Pac-Rim!
PBM 3.760+487.1%Feb 2 3:59 PM EST

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To: Chuca Marsh who wrote (21)7/22/1997 10:07:00 AM
From: mark warburton  Read Replies (1) of 176
 
Chuck,
Looks like we are at the beginning of a large area play in the base
metals in the yukon area. I printed out the charts for CHJ EXR and PBM.
The three stocks all appear to be changing direction. In the case of CHJ
the stock appears to have had some serious accumulation over the past 9
months and just broke above resistance of 26 from the dec 1996 lows.
Near term trend on CHJ is UP!
EXR on the other hand just bottomed with an island reversal pattern
notice the gap on the way down and then gapped again on the way up.
This is a classic reversal pattern. Sitting right at resistance but
after the halt should break to the upside. Short term trend UP.
PBM has a long period of accumulation since OCT of 1996. It has been
really steady at the 30 cent level for months and now appears to be
about to move. Yesterdays trading was interesting in that very little stock
is available and with news all around will be in very short supply.
a move above .45 cents would signal launch status on the pad.
Looks like a significant move is in store. The longer the base was
formed the stronger the move up will be.
Hang on and good luck to all.
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