SOUTHERNERA (t.SUF) Message Board

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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: Peter Bourgeois who wrote (491)	11/16/1997 10:30:00 PM
From: VAUGHN	Read Replies (1) of 7235

Hello Peter As of last Friday, Globe showed short positions down from 450,000 to approx. 200,000. NR aside, unless CJ can muster some buying from institutions or overseas investors, I don't expect a significant recovery for two to three weeks. Wrong season, wrong market psychology. SUF will rocket however, if not in the last week of December, then most certainly by the second to third week of January. Best to be in before the market IMO, as it will move too fast to chase during the buying season and/or upon a NR. Started to accumulate more on last weeks lows. I may miss the ultimate low by a $1 or $2 BLSH (but I doubt it). This is better than missing a guaranteed double. Downside no longer as significant a risk as potential upside. No point in being greedy. Regards

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