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Gold/Mining/Energy : Nuvo Research Inc

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To: Cal Gary who wrote (5826)	11/25/2000 11:46:45 AM
From: Montana Wildhack	Read Replies (1) of 14101

Ed Monton, (ggg - just kidding) So on with the story. After we had that morning star, we THEN had an evening star all on ridiculously small bodies showing real indecision. Immediately after that we had a clear hammer indicating yet another reversal, and then a doji centred on the previous close. All this after a long string of meaningless candlesticks. Finally we got the reversal on the longest candle since the HC announcement. You have to go to around June 10 to see a body that large again. After riding the lower bollinger band for many days, we have now poked through the infamous 6 month downtrend on the upside and actually closed slightly above on some decent if not impressive volume. This doesn't mean anything more than a momentary reversal at this juncture and a positive note. MACD lines are on top of each other, momentum is nearing the zero line, and stochastics still have room. It could be a sucker rally, it could be a deep pockets CIBC buyer believing the Nov 30 expectation. Or it could be that 3.50 was sufficient punishment and the Chief will be buying at 5 on Monday. My opinion is that its plausible that 3.50 was too low. We're numerous trading days away from finding out if this strong downtrend has established a bottom and perhaps only a day away from finding out it hasn't. Since I think it's horribly undervalued despite the gamble aspect on success and because of my estimate of a minimum buyout value (an offer of $4 is 6 and $6 is 9 etc), I'm watching Monday for another white candle with a higher close. None of these specifics matter in the long run. Only one thing matters. What are you measuring? I'm measuring percentage return on investment year over year. Only what you're measuring matters. At the moment this year is crud. But I don't set it in stone until December 31. Good luck to everyone except any shorters of DMX. Wolf

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