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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Knighty Tin who wrote (161891)	4/24/2002 6:31:38 PM
From: Earlie	Read Replies (5) of 436258

Earlie from Earlie: Old Earlie is grinning. - IBM can't get out of its own way and its chart is starting to attract the carrion feeders. Nothing like a sock full of puts to give one comfort in such circumstances (particularly when my homework suggests that IBM is going to be forced to "warn" again in the near term). - My favourite junior gold (GSL), just hit a 52 week high today and is under serious accumulation. It has doubled since I first mentioned it and it is still dirt cheap. Nice of Barrack to make that nifty S. American announcement yesterday which has positive connotations for GSL. This one is a multi-bagger in the making and has minimal risk at the current price. I am aware of several Cannuck gold wizards who are soaking it up, which bodes well for the continuation of its move. - The "sewer rat" is quietly building a backlog of signed projects and is (finally) starting to come to the attention of Bay Street. Look for positive commentary from two brokerage companies up here in the very near term. This little dickens has been very quiet for months, but some knowledgeable folks have been putting the stock away and the float is in strong hands. I expect that a quick financing will be done within a couple of weeks (and at a small premium to the current share price) after which, we should see some consequential movement. As I noted earlier, this one is a "good stock for bad times" (see earlier commentary for reasons for this view). - As I have commented over the past several weeks, the N.Y. analysts' fairy tale (that we are witnessing a "rebound") isn't going to hold up through the summer. Already, the daily barrage of ugly results, further lay-offs and increasing debt-servicing problems are eroding bullish confidence. Unfortunately, the odds of things improving across the economy are minimal, hence I suspect this is going to be a "long hot summer" for the bulls. Keep an eye on the refinancing/real-estate scene for an early warning. Once this caves in, it is likely to get messy in a hurry. Best, Earlie

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