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Gold/Mining/Energy : Abnormal Broker Accumulation

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To: Bohdan who wrote (5)9/5/1997 1:22:00 PM
From: keith massey   of 38
 
Hey Essam

I agree with you that one broker may have more info than the us. However there is no way that one broker is going to dump a million shares right before a bad news release. It would be too obvious that the broker had insider information. If everyone was dumping then I wouldn't touch the stock with a ten foot pole. However it is a different case when all the selling is coming from one broker only. I would never hold a stock bought under these circumstances for more that 1-2 weeks and usually just for a few days.

As for AMC - I guess I sold to soon. It just hit .67 up 110% in the last 3 days.

Best Regards
KEITH

P.S to boham - As a rule I never buy a stock when someone on S.I says it is a "no brainer". This stock may be good but if you read through S.I 99% of the time when the term "no brainer" is used the stock usually drops like a rock. Just an observation
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