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Gold/Mining/Energy : Armchair Analyst's Club (T/A & Fundamentals)(Pennies)
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To: floj who wrote (54)6/10/1997 11:37:00 AM
From: Ronald P. Margraf Sr.   of 82
 
Morning Flo,

I see that we are singing off the same sheet of music. My program
just identifys them differently. What your call MA mine just calls it
momentum. Your OBV seems to do the same as my OBV with varible smoothing.
The discription of yours sounds like the description of mine. At this
point it seems that the only one I don't have is BOLLINGER'S.

I can't really do a chart on WT.T because my provider lists it but has
no data. I'll have to call them and find out why. I used your indicators
and the RSI on ECON. They all look positive to me.

FUNDAMENTALS on EOV.V as I know them to date;

Company is an Indo & Brazilian play.
On the Indo side of the play they are in negotiations with 2 other companies
to pull their financial resources together and pool their mineral rights. They
just completed a goe. survey of their property and came to the conclusion that
theirs will be the first one worked if the negotiations go though.

As far as the Brazilian side of the play they are in a very rich area. Work
was delayed because of political reasons and my understanding is that
that is being resolved and permits will be coming in short notice.
There has been a lot of accumulation of the stock and it just made to
runs to the upper .60s. Right now it appears to be trading text book
style. When the computer says sell, it sells. When it indicates buy it
moves up. My understanding is that we should be hearing some good news
in the next couple of weeks. Probably the negotiations will be completed
or the permits will be received in Brazile. In either case it is becoming
an interesting looking play.

I own a few shares in this and am contemplating getting more. Run your
charts on it and see what you come up with. This one has been in the
.90s before and it appears that it would only take good news to get it
there again.

The stradigy here looks like an accumulation of 10,000. Trade the 5,000
and hold the other for the possible run.

Would be interested in your thoughts,

Ron
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