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Gold/Mining/Energy : Abnormal Broker Accumulation

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To: stanley new who wrote (17)9/7/1997 6:58:00 PM
From: Essam Hamza   of 38
 
Hi Stanley,

Well CKS has Research Capital with a net of almost 200,000 shares in the last two months. They bought about half of that at the beginning of July when CKS started trading again @ $1 or so.

For AAU, Gordon has picked up over 250,000 shares in the last couple weeks. Midland with about 200,000 accumulated in the same period. DS picked up almost 300,000 shares on Aug.28
James Capel picked up about 200,000 in the week of the 20th of August. The crosses have been Levesque securities.
Big Seller is FM with 932,000 shares sold in one month.
Looks like alot of paper out on this one. Time to buy was the middle of August. Hitting alot of paper @ .70 now. Watch for movement past this resistance as a sign of continued rally IMO.

Good Luck,

Essam.
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