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Gold/Mining/Energy : Phoenix Gold Resources (V.PHO)

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To: Richard Mazzarella who wrote (207)3/14/1998 10:51:00 AM
From: Sinker  Read Replies (1) of 285
 
Richard

I do not see anything here to cause us great concern.

Had there been significant volume to the downside, that would be different. However, we have a stock poised for an upswing driven by NEWS.

This little gem is holding up well on the sell price side..Bids are somewhat low, but the MM probably can live with a large spread.

Watch for the bid to increase to a more reasonable level and the sell price to move significantly higher..( Post news)

Again, just my take on this situation.

Anyone else care to add their perception? I would appreciate other views. Thanks.

Sink

PS..Take a look at Clifton CFB they have also suffered the same fate..this reinforces my point on silver prices...all silver stocks down..

S.
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