Buckey's Bottom Bounce Short Term Picks (CDN ONLY) Message Board

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Gold/Mining/Energy : Buckey's Bottom Bounce Short Term Picks (CDN ONLY)

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To: New Economy who wrote (704)	6/24/1999 10:18:00 AM
From: Kevin Hamlin	Read Replies (2) of 5887

Well Buckey, I've been wanting to offer this one up for a week now, but have held off till today. MRY on Vancouver is a great company that has been in a slow drift down for the past couple of months. I've been trying to pick off the bottom on this one over the past two weeks and have been accumulating the heck out it as I think it is far far oversold. I think I missed the very bottom by a nickel or so, but am pretty sure it's the bottom given the trading over the past two days. Most of the trading over the past week or two has been very "retailish".....a slow drift of small order sells. Yesterday and today though, there have been a few orders come in on the buy that have been very strong. They still look like they could be retail, but quite chunky and at the market....quite agressive. Another one happened already this morning. This is not typical and makes me wonder if a few people might know something. Rumour is that the company is expecting to sign another major contract in the Airline industry. (They just beat out a much bigger major competitor for a huge contract with DHL, the biggest shipping express company in the world) I think the market has been "expecting" this for some time now but it is yet to be formally inked. Because the deal has taken longer than some people hoped for, some have sold and moved on. This drift down though creates a unique opportunity as I believe that the company may have another major contract quite close at hand. A link to a synopsis on MRY is at Message 10118986 The company link is mercury.bc.ca Regards, Kevin

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