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Gold/Mining/Energy : Southwestern Gold
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To: Note bene who wrote (483)3/25/2003 3:49:13 PM
From: jrhana  Read Replies (1) of 585
 
SWG continues a low volume drift similar
to what it did prior to the release of its first drill results.
FWIW it seems that there is a firmer tone to it this time than last. At least there has been so far an absence of any recent notable selling pressure. Maybe the weak hands and those wishing to cash out their long term large profits are largely out of the stock.
Anyway I have reentered with my usual oversized position. I was able to do this luckily at about $1 USD less than I sold.

The following helped convince me not to wait to long
(referrring to the first drill results):

<From what I've seen of the drill holes, I think these results will be the worst," says President John Paterson.>

stockhouse.com;

In other words, the president of the company has gone on record as saying that the new drill results (holes 2 and 3 are pending) will exceed the quite decent first drill results.

stockhouse.com;

Not all drill results will be good.

Continues to be extremely risky
Nothing ventured nothing gained.
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