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Gold/Mining/Energy : Bolivar Goldfields (T.BVG)
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To: Krikor who wrote (215)9/20/2000 4:45:01 PM
From: Lynx  Read Replies (1) of 249
 
To me it looks as if Cannacord is selling it down in a weak buyers market. They crossed a million shares at 1.50 a month ago so they are playing in a profit situation. The support level of 1.50 is important for now but this is all short term which of course is impacted by a weak market, bearish sentiment and margin calls. Long term I think as a speculative holding this could be a winner. It seems to be (from what I have read) in the big growth areas of the market (1) data storage and (2) data centres with its 15% of WV. I think the company has to pass its various milestones GM Oct13, name change, listing approved under new business, etc. then with a more positive market we could see some upward movement. With Champions association with IBM it could be that some people are expecting some news with them. We'll see.

Lynx
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