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Gold/Mining/Energy : Franco & Euro Nevada FN , EN
FN 449.34-2.0%Dec 1 3:59 PM EST

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To: Bernie Koppenhofer who wrote (623)10/18/1999 10:36:00 AM
From: james paterson  Read Replies (2) of 658
 
Bernie, The short sellers did a lot of damage to FN's share price by betting that FN would fill a gap around 28.50 (TA). The shorts won as the big gap was filled. There is a possibility that FN might fill one more gap around 26. However, there is a strong possibility that the 1st gap may never be filled & I look for the shorts to start covering & FN should start to reflect the POG & an increase in earnings.

James
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