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Gold/Mining/Energy : Golden Raven Resources Ltd (GVN)
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To: Howard who wrote (2423)7/22/1997 8:20:00 PM
From: Ward Nicholson   of 3155
 
1. CYJ's chart is in a deathtrend. Why hold a stock when you know
it'll go lower? It's not even jackknifing, so you know there's
no substantial short position to cushion the fall.
2. The price of gold will probably go lower, as will any stocks that
have anything to do with gold.
3. Summer is *usually* the worst time to hold junior resource
companies. ANY junior resource companies.
4. Frank and the Marchment boys are being *investigated* right now.
You've *got* to believe that anything Frank put on his E-mails
is just paper that they were trying to blow out. If you cannot
see that NPA and MXR were classic examples of blow-outs, then I
cannot possibly illustrate my point.
5. There are other juniors out there with less paper floating
around and more cash in the treasury.

Look...I know most of this isn't factual, but the market does
not necessarily trade on the basis of logic and reason. A very
strong case can be made in that the Bears are in very solid
command of CYJ, which means the price will *most likely* go lower.
If you want so badly to have CYJ as a part of your portfolio, then
why not sell now, wait until CYJ has truly bottomed out, and
then re-buy CYJ?

Anyone buying now is just trying to catch a falling knife.
That million-share bid the other day was there for show. It
was meant to "scare" people into buying CYJ just so more paper
could be dumped in the 0.30s.

CYJ is OVER.
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