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Gold/Mining/Energy : Macdonald Mines

MMP 69.00

0.0%

Sep 25 5:00 PM EST

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To: JOHN FREW who wrote (81)	4/18/1997 1:21:00 PM
From: Jim Woodman	of 135

The stock sucks dirt at 32 cents this morning and then all of a sudden hits 47 cents, (a cool 45%+ gain if you bought at 32, in a few hours) with a much higher than usual volume. The 32 cents was a new yearly low. Now backed off to 42 cents but looks a whole lot better than when it was hitting a new low a few hours ago and threatening to break down through any remaining support level. The trading has been weird lately, with the blocks that have crossed. I somehow feel something good is about to happen, but 've been fooled many times on this one since buying originally at $1.20. Can anyone explain today's action or have any other thoughts to share? Jim

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