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Gold/Mining/Energy : Abnormal Broker Accumulation
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To: Bohdan who wrote (1)9/4/1997 8:30:00 PM
From: keith massey   of 38
 
Since we are talking about abnormal patterns it doesn't hurt to consider abnormal selling patterns.

I look for a substantial drop in a stocks price caused by selling from one broker and one broker only. If volume is increasing and the buying is coming from all the other brokers you can be fairly confident that the stock is being oversold and the large drop in price is not because of upcoming bad news.

I used this method 4 days ago in the purchase of AMC. All the selling was coming from Golden Capital. The buying was coming from everyone else. The volume was up substatially. I figured the stock was being oversold and the slightest possible news would send it back up. Since no drill results were expected for at least a month I knew the selling wasn't due to insiders knowing bad news but instead was from someone dumping stock. Of course I checked out all other information on the company before buying in just in case.

In at .32 on friday - out at .50 today. 64% in 4 days works for me

I not saying this method always works all the time but it doesn't hurt to start a discussion on it or have people point out when this is happening with a stock. I have used this method for short term trading about 15 times in the past year and it has worked about 12 out of 15 times. However it could just be dumb luck.

Best Regards
KEITH
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