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Gold/Mining/Energy : JAB International (JABI)

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To: Kit H. Lou who wrote (1614)11/27/1997 7:24:00 AM
From: DJRoss  Read Replies (1) of 4571
 
Forces are not unknown. First of all, gold is being beat up pretty bad. You have a market that is trying to regain its identity after getting yanked hard by first Hong Kong, and then the rest of Asia.

Small caps have been doing well prior to our bonafide crash a few weeks ago. Now they have to wait for the market to decide wether it wants to be bearish or bullish. Right now it has been trading rather bearish. Especially since the holiday season is upon us.

Being that the holidays are upon us, that means that outside volume(those of us who actually buy stock) is at a minimum, thus leaving BCMD and all other Nasdaq stocks at the mercy of idle market maker hands. Well you know what they say about idle hands, and MM are the epitomy of this.

BCMD will move on further news, but not as expected. Tuck her away in your portfolio until February, maybe middle of January. Volume is dropping off since holiday trading is typically dead, so don't try and skim the till for a handfull of change

Happy holidays

Thanks Dug
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