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Gold/Mining/Energy : WHAT'S A GOOD CANADIAN STOCK TO SHORT

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To: Bill Jackson who wrote (90)5/26/1998 7:38:00 PM
From: chevalier  Read Replies (1) of 112
 
The only stock that I am short right now is Mutapa, MUA. They released the first drill hole results a couple of days ago and I thought it was nothing at all to be excited about. 5 meters of 2.3% copper followed ( with a few meter interruption) by 2% zinc over 2 meters at a depth of approx 350 meters does not seem exciting to me. You seem to be a knowledgeable mine guy. Have you seen the release? Any thoughts? As well this stock was being pumped to hell by the Insider Report so it ran in anticipation of results. My biggest fear is that there are only appox 3 million shares trading but judging by market action, they do not seem to be tightly held at all and I would not be surprised to find out at a later date that dumping was going on with all the volume. Worth a look although short profits appear to be narrowing.
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