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Gold/Mining/Energy : JAB International (JABI)

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To: Eric Freeman who wrote (2739)	1/27/1998 11:46:00 AM
From: Roebear	Read Replies (1) of 4571

Eric, like Gary said before, I believe your 5/8 is too low a buy point. If you have watched the stock lately it definitely has support at 3/4 and just above. This goes back to the big candle in October and has been confirmed as support twice at least. But if it breaks 3/4 support for any depth and length of time, this does not bode well for the stock. Best I can figure is the stock is being held down by bargain hunters and market makers positioning for the next run in this stock. If this is the case I believe BCMD's next rise may commence with a news announcement from the pillars/virgin areas late this week, early next. Also, there may be an announcement about the JV around the 1st of February. This is all in my most humble opinion, but it is honest, up front and by next weekend we'll know how well I figure in any case. Interested in what your balanced view is. Good luck, Roebear

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