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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: The Fix who wrote (6208)7/22/1998 1:47:00 PM
From: Chad Barrett  Read Replies (1) of 11676
 
fIXER,

I still see the downtrend as being in tact with DML... the only interruptions in it were due to StockHouse manipulation... the news release did not cause the initial drop in price I anticipated on Monday morning... this was probably due to the fact that everybody had the entire weekend to sit on the NR and in the end their wasn't any "panic" selling... I predicted a quick drop that would recover within the opening hour to the high .80's (as I recall?)... Well... it managed to close in the .90's.. but we are downtrending through the .80's right now....

If things remain as is.. this downtrend will likely continue... and then level off at some point? ...... who knows where that might be? I personally don't see it heading below .75 anytime soon... simply because they are in the middle of drilling.

With tomorrow being the 23rd... which StockHouse seems to think is noteworthy... the downtrend in DML might be interrupted again... we will have to see...

Chad
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