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Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC)
AMC 2.590+3.0%Nov 6 3:59 PM EST

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To: Edward J. Frankman who wrote (78)4/30/1998 9:02:00 PM
From: John Fairchild  Read Replies (1) of 397
 
No sell off today and lots of volume after the big gap up yesterday. I really expect to see AMC move up once some of the long holds take their profits. Hopefully the selling dries up within the next couple of trading days and continued buying moves this stock up in anticipation of more drill results. If they come up with similar grades in more holes this one will move big time. I Keep thinking about the fact that these guys are committing to phase II drilling right away and that does not usually happen for one hole wonders. Trying to resist buying more at this level.

John
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