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Gold/Mining/Energy : CDN. MOMO PUPPIES

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To: Lola who wrote (7818)9/16/1999 4:20:00 PM
From: Kevin Hamlin  Read Replies (1) of 36688
 
<<< ISI/vse . . .Biggest seller today is CC. I need a damn good reason to consider buying this one.>>>

No problem Lola. The selling by Canacord is certainly something to consider, but only one of many. I've often followed Canacord's lead, but I've often seen them be quite wrong as well. Over time, I think I've come to consider there buying/selling certainly worth noting, but not gospel.

What caught my eye with ISI is:

1) That it gapped this morning to open at .88 cents from yesterday's close of .85

2) The .88 cents only saw couple of trades go through at that price. Most of the trades today have been at .90...a loosely defined resistance level.

3) Bids for 10,000 shares keep showing up at the .90 cent level.

4) Volume is up quite a bit over recent average volume (ranging from about 40k on the low side and 230k on the high side.)

5) There is some concerted buying by house 77.

6) Starting to signs of pressing towards a new high which is nice. (Previous high was .95.)

7) 2.7 million share cross by Cannacord at the beginnning of this month.

These are all things I'm considering....including the C.C. selling today. I suppose it's a weighing of what you look for or consider important. All things considered (of course in my own mind) I decided to buy in and see what develops over the next day-3 days at the most.

Regards,

Kevin
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