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Gold/Mining/Energy : Solv Ex (SOLVD)

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To: Craig Johnston who wrote (3060)	5/24/1997 10:35:00 AM
From: ROBERT NORDSTROM	of 6735

They will need financing ,and lots of it .Their plant will operate at a loss.Hoping for a strong suckers rally to get short again.People are amazing.It's been an amazing market with lots of similar stories and hypes like SOLV. PRST to 200 ,DNA to 120 , BXM to 285 .It has been an environment where there has been so much money being thrown at stocks that almost any thing with good promotion has gone up.Lemmings chasing lemmings.A lot of lemmings have gone over the cliff with reality finally setting in and the share price reflecting it.Some times this process takes a lot longer then one would think.Longs keep averaging down[adding to their losses] in the hope that their dream stock will go back up.They blame the short sellers for the price dropping,slowly the truth comes out little by little and the stock finds it's true value.In the case of SOLV it will be a lot lower then current levels,that is not to say it can't have a miracle run to 20.I hope it does so l can get short again.With the info out now ,getting back above 10 will be a stretch.

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