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Gold/Mining/Energy : Crystallex (KRY)

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To: Doug Shapiro who wrote (6812)	3/13/1998 1:17:00 PM
From: alan miller	Read Replies (2) of 10836

The flat price combined with accumulation this week COULD be construed as a kind of reverse squeeze for Asensio and his unwitting/willing/unknown compatriots. His pattern seems to include shorting to a given level, flip to long on the retracement, if it looks like it will happen, then re-entry and further shorting. If he initiated coverage at US5.00, he could have covered and went long - and it's going nowhere fast. This also allows inexpensive accumulation without giving anything away to the syndicate. Just a theory, and one I'm sure will be met with both appropriate and inappropriate derision related to "...desperate, repetitive hope..." at least by those who claim to have "..heard it all before...". P.S. - brokerage houses are starting to take KRY off their marginable lists. May also be cause for concern by some... good luck to all, regards, am

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