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Gold/Mining/Energy : Chartists' Corner

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To: Ward Nicholson who wrote (16)5/18/1997 3:10:00 PM
From: Solid Play   of 38
 
Solid Play has a site here:

inc.com

The inaugural picks from April 21st were:

Star Data (T.STY) given at $ 5.40 and hitting $ 8.00 on Friday (closed at $ 7.55).
dba Telecom (V.DBA) given at 29-30 cents; closed at 29 Friday (but hit 37 recently).
Goldminco (V.GMO) given at $ 1.00-1.10; dropped quickly back to 80-90 cents but news is due soon on their Australian gold exploration.

Next two were:

IGT Pharma (V.IGT) given at $ 1.05, closed Friday at $ 1.05 with, we think, some pending news in the not too distant future.
Gerle Gold (V.GGL) given at $ 1.20, closed Fri. at $ 1.30...spent some time at $ 1.35, even reached $ 1.50 intraday.

Most recent:

Vasogen (M.VAS) given at $ 2.60, closed Fri $ 2.50-ish; should be able to tell within a week how its going to go in the short-term.
President Mines (V.PDT) given at 73-78 cents, highly speculative...has yet to move.

Overall, the performance has hit our target criteria almost to perfection. That is, a "Solid Play" is one which:

1. Is showing technical signs that an upward move may occur very soon.
2. Has enough of a story that is not widely hyped, that the downside is very limited.
3. Will "roll over" inside of 120 days either with at least a 15 to 20 per cent profit possible (STY has gained 40 % in 3 1/2 weeks) or a Terminate with a break-even or at worst a 12 to 15 % loss.

Our picks to-date are in the black as a whole with a lot of time left.


All the best,

Solid Play
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