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Gold/Mining/Energy : Abitibi Mining - V.ABB
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To: Larry Voyer who wrote (20)11/17/1996 1:38:00 AM
From: Essam Hamza   of 42
 
Hello Larry,

According to The Hard Rock Analyst, the Vancouver StockMarket has probably bottomed out already. It mentions that the combination of Tax Loss selling and winter shut down, usually created the low point in late December and early January. This timeframe however has slowly moved up each year with investor anticipation. Another newsletter writer (I forget which) mentioned that he expects the junior resource stocks and esp. the Vancouver SM to rise rapidly these next few months leading to next summer. The reasoning, I believe, was that most of these stocks were oversold in the past few months, and that alot of money will be entering the Canadian markets as our current financial outlook is one of the most promising.

I'm watching the price of ABB closely as I'm about to pick up more in the low 40's. I'm willing to wait for this one as a few of my other stocks are drilling in warmer climates and are starting to move already.

I believe that John Hughes is waiting for investor interest to return to the Timmin's area before he begins drilling and releasing results. He has probably watched as many companies have given excellent results to the market with little or downward effect on the stock price.

I'm not worried at all about this one.
Taking this chance to accumulate,

Sam.
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