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Gold/Mining/Energy : Abnormal Broker Accumulation

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To: Essam Hamza who wrote (3)9/4/1997 11:52:00 PM
From: Bohdan   of 38
 
Essam,

I didn't know about the accumulation either until today. Noticed Canaccord was buying like mad so decided to do a little more research and noticed the numbers. Some other info; they were the #1 buyers all those months. In all that time, I believe they sold < 70k. I didn't check all but most were crosses to themselves.

Yes, the chart looks like it's ready to go. Holding up nicely lately. If you look more closely, you'll also notice that the stock has been under steady accumulation ALL YEAR even through that day when the stock dropped to $2.50'ish. (I bought some more at $2.55 and flipped out a few days later @$4.15). Still have a core position for the long term. This is a junior with major ambitions and they have the financial backing to do it. The copper mine starting production early next year should bring in up to $2/share e.p.s. I think, at these prices, this is a no brainer.

Later.
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