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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: buylowsellhigh who wrote (519)12/12/1997 2:40:00 AM
From: VAUGHN  Read Replies (1) of 7235
 
Hello BLSH

Noted that SUF short position in Globe last Saturday was 205,000 I believe up 75,000 from previous report.

I may be wrong, but I think we have seen the lows for 1997 and institutions and buyers will be moving in over the next three to four weeks perhaps seriously by mid January.

It never takes much volume to move SUF up as so few are willing to sell. I think this will be especially true as we approach the diamond junior drilling season.

You may want to think about covering.

Regards
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