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Gold/Mining/Energy : MILL CITY MIY-V
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To: ALAN DUBE who wrote (24)12/7/1996 10:45:00 AM
From: Bruce A. Anderson   of 707
 
Alan...Thanks for the info re Yamba. The stock is showing some weakness; now at the bottom of the nice uptrend trading channel
under development since the end of September. Hope it doesn't break
out of the channel on the downside. The problem with stocks that
are trading significantly below their year highs at this season is
that they become targets for tax-loss selling, which causes further
weakness. But there are only another couple of weeks or so left of
that pressure. I'm looking at a number of stocks in that category
for buying opportunities at this time...artificially undervalued
pennies with decent fundamentals for speculation. MIY could be one.

-ba
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