Golden Hemlock(GHE) Message Board

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Gold/Mining/Energy : Golden Hemlock(GHE)

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To: Bobby Yellin who wrote (177)	6/24/1997 3:07:00 AM
From: Robert Dydo	of 909

Their trading activity since may 28 when they put up their recommendation for GHE shows that they have sold more(average 1.17)than bought(1.19).Off course they had holdings before that. For one thing there is no support for the price from them since most trades meeting bids where sold by Canaccord. There is a pattern of trades in the house and they are done at upper end of price scale. If they put up shorts their closing would be around $1. than the sell below would be a new short or a closing of position all together. I don't know what size are their GHE holdings, but I have no idea what is the name of the game here. Company's confidence is very strong but this has no reflection on the market. The price is right on Short Term Support and Long Term lower Trendline. I would have to ask Roberth for his opinion but if it goes lower it will open possibility for even more lows, if it goes up I think that could be a buying signal. On fundamentals no change. Somewhat very weak reaction for a company with 3 to 5mln.oz. potential. Regards Robert

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