Abnormal Volume and Block Trades Message Board

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Gold/Mining/Energy : Abnormal Volume and Block Trades

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To: Ice-Man who wrote (2271)	12/27/1997 7:35:00 PM
From: Essam Hamza	Read Replies (1) of 2340

Hi Markus, You won't want to hear this but I sent out WIM as a short when they consolidated to $3. It was based on only the negative trend and the fact that they consolidated their shares (a bad combination). I'm not a big fan of gold just yet. I think we are only seeing a technical bounce and the downtrend of the POG will continue. Silver seems to be draging gold upwards abit and may be it's only saving grace until the next central bank opens it's vaults. Having said that I still think that most exploration companies (and the VSE index) will see about a 50% rise in value this season with the VSE hitting about 900 or so. Downside at this point is minimal with the only risks being your money tied up for a long time and/or companies going broke and diluting themselves to death. Oh yea, happy new year ;) Essam.

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