Black Swan Message Board

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Gold/Mining/Energy : Black Swan

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To: R. Balan who wrote (3171)	3/30/2001 1:35:41 PM
From: Dale Kohler	Read Replies (1) of 3186

I know you asked Mikey (Hi Mikey!) but I would like to give my reasons for holding the Swan. 1. They are mining now. All it would take is one press release reporting a large high quality diamond to start the price moving in the right direction. 2. If you watch the daily price movement you will see that on up days the volume is WAY above the volume on down days. This suggests accumulation. For instance, this week on two different days the first transaction was for 250,000 shares at the ask or above. Then it dribbles down on a few thousand shares again. This type of activity has been occurring since last October. The price then was as low as 13 cents. Now it goes as high as 33. That is already more than 100% gain, very quietly. 3. The article posted on this board a week or two ago reinforces my views. I thought it was factual and realistic. The price could easily go to $2 with some positive results. 4. The price is so low now that it would be useless to sell. I don't know what the bulk of your shares were bought at, but I would be better off to write it off as a total loss, keeping the shares for the possibility of future appreciation.

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