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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG
SMXMF 0.00010000.0%Sep 10 5:00 PM EST
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To: Donald McRobb who wrote (193)5/6/1997 7:04:00 AM
From: kfdkfd   of 539
 
Comments by Investor Guru:

Look at V.SXG Samex Mining which did almost a half million shares last Thursday in a 200,000 share cross to McDermaid and another large block to a TD mutual fund. This was 20 times SXG's normal volume. On our Momentum vs. Fundamentals page we have had posted for over two years one of our key technical buy signals which is "have you ever seen a stock on no news sell down near its lows on big volume, or large blocks of stock are crossed near lows, or insiders are writing themselves options big time? If you know of something in the works like an upcoming drill program these are all signs to buy and hold. When the company gets closer to drilling there may be enough hype at higher prices to get out of the stock when everyone else is getting in."
SXG broke it's technical support at $1.80 a month ago. As far as we know, there are not even insiders shares issued under $2. At $1.80 we knew SXG was drifting and you never know exactly where it will bottom out at. We like their gold properties in Bolivia, but while they needed financing in the middle of the Bre-X bombshell, it's hard to make a fundamental call on where it will bottom. SXG bottomed at .90 and the crosses were done that day at .93. The next day directors applied for options at .90. The day after SXG was over $1.20.
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