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Gold/Mining/Energy : JAB International (JABI)

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To: Charger who wrote (357)	10/24/1997 2:16:00 PM
From: Oscar	Read Replies (1) of 4571

Kind of an eerie stillness in the stock at 2 pm, this morning's high volume notwithstanding -- it reminds me of the feeling I had just before yesterday's last hour run-up. I kind of expect the same thing today, to a higher level. The last 3-4 days I have done a little scalping with about 5% of my position ... just something to keep my eyes open really. I've noticed in the past hour, just as I did at the same point yesterday, that I am not getting fills on either the bid or ask side of a 1/32 spread. I don't think it's Datek, in this case. I think that, to use the real Darvas' analogy, BCMD is gathering herself the way a ballerina does before she springs. Savvy traders know that today's news release is just the first shoe dropping, and there's little more scalping action to be had. This is the last chance to get in cheap, I believe, and I also believe that <$1.19 will prove to be very cheap. Watch her leap today and/or Monday....

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