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Gold/Mining/Energy : The Next Act

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To: Gary McCoy who wrote (28)	4/5/1998 3:11:00 PM
From: Ward Nicholson	of 102

Inco: INCO (N.T) is one I'm also watching. It's not getting a lot of attention, but I think it could take off in the near future like Alcan did recently. Agreed. I've started to watch N very closely. $25 would appear to be a very important support level. I can't see this level failing because the worst seems to be over in terms of nickel prices and commodities in general. Ever since N spiked to $28.50 a couple of weeks ago, I've waited for it to back off. It's done so on relatively low volume too. A long position in the low $25 area seems to be a good risk/reward play. WN

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