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Gold/Mining/Energy : Pacific Wildcat (V.PAW)
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To: Barry Smith who wrote (22)10/13/1996 9:54:00 PM
From: Jon Huang   of 47
 
Hi Barry,

Have you noticed the trading volume for PAW in the past week and a half? That is the period which caused PAW to dip from 4.25 to 3.20.

If you have a real time quote server, you would notice that the trading of PAW is largely between a couple of institution traders. That's called cross trading. From my past trading experience, this is what I call insider playing around with the market. Since the price drop will likely cause some panic among those impatient investors, some will get out and the insiders will accumulate more. Dipping to 2.50? Geez, I really hope it happens because I will immediately put a 500 lots bid at that price.

Bre-x is not in the same league as in PAW so it is not fair to compare the two. PCR is a company who happens to own a large piece of land in Indonesia but have come up with nothing in terms of good drill results and people are just tired of waiting. Buying PCR at over 6 bucks is insane at this point and I think PAW has the most potential after the Bre-x discovery. The initial drill results from PAW shows good grade but it needs better intersection number to prove it to be economically feasible. They are suppose to release a geological report last week but it looks like we'll have to wait till next week to find out. PAW is likely to bottom out at 3 but I really wouldn't mind if it dips to 2.50 cause opportunity like that don't come by easily. :)

Good luck,

Jon
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