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Gold/Mining/Energy : Golden Hemlock(GHE)
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To: Robert Dydo who wrote (197)7/4/1997 12:58:00 AM
From: Roberth   of 909
 
I am reluctant to say anything anymore. Despite my reasonable accurate price predictions a number of people don't seem to appreciate my techniques. In response to a previous question I include the following info about GHE.
There were a several opportunities for quick flips with GHE in the last month if you are content making only 10-25% each time. First run from 0.95[BUY] support level (May 21-22) occured during last week of May, my sell range was 1.25 to 1.35, (May 28 it hit 1.30)[SELL]. My expected low for the next couple of days was around 1.15[BUY] (hit 1.10 June 2) then hovering at the resistance level of 1.25 through June 3 - June 9 (hitting sell territory above 1.30[SELL] on June 5,6,9). Retreat back to about 1.00 was evident by June 11 so you would have wanted to try and buy again (hit 1.00 on June 17)[BUY]. Increased supply (selling) from June 17 to 20 indicated that we were likely to see much lower prices in the short term so you would have tried to sell at my indicated best price for June 19 of 1.05 (hit 1.05 on June 19,20,23 and covered comissions)[SELL]. As indicated in my posts and web page a low of 0.86 was possible with a recovery to 0.98 (hit 0.87[BUY] on June 24 then 0.98[SELL] on June 26). Falling back to 0.86[BUY] by June 30 then recovering to 1.05 by July 2 (higher than I expected at 1.00[SELL]).
Latest forecasts are available at hwy97.com for anyone who has not already been there.
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