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Gold/Mining/Energy : Kalahari Resources Makes Major Move Upwords
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To: VAUGHN who wrote (68)9/6/1997 12:16:00 AM
From: Blue   of 349
 
Vaughn I am currently not subscribed to any services like Stockwatch's paid service but I probably should be, could get the info from a friend though. I was watching closely though...every once in a while the number of lots bid is very high. 250 near the close yesterday, similar amounts throughout today, and one time 444 lots were bid at 1.18.

444 X 500 = 222,000 X 1.18 = $261,000

Now there were large blocks offered for sale at $1.25 and so on but that is just normal after a big run, and a lot of the stock offered got taken right up.

Total volume of 2 million + ... for all we know someone or a group has bought $2 million worth of stock in 2 days.

There was this sort of thing going on all day following a prolonged period of very low volume. I haven't heard any small investor interest or hype...and I don't know if you can ever know what is insider buying...but looking at the obvious evidence how can it NOT be?

That said, I sold half today, since I have made close to 75% gain in a week. I think I'll catch a couple of flicks over the weekend.

My long term money would be in higher priced issues (MPV for example, Southernera perhaps) and I am more likely to jump in and out of these longshots. Amazingly little interest around here. Funny how everyone picked up on Ashton. I guess "a lot of kimberlites" is impressive to Joe Public.
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