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Gold/Mining/Energy : Southern Metals - SUH.V (formerly Aranlee Res. - ARB.V)

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To: David R. Schaller who wrote (102)1/15/1997 9:32:00 AM
From: Essam Hamza   of 254
 
Maybe others can help out here also but I'll try to answer your questions.

1) No you can't tell if they are trading for themselves or for their clients. That said, Some Brokers have a certain reputation and characteristic trading pattern.

2) Large volume and block trades always perk up my ears. For example if Wood Gundy crosses 200,000 shares at certain price you need to ask yourself why. I find that price runs invariably follow unusual volume and block trades so I've started a new thread with this title.
Subject 11666

3)I find the fact that most of the trades in the past few days (and past couple months) have been in the .66-.69 . This seems to be the new support level with anything below quickly snatched up as a bargain. The resistence remains to be the .70 mark but once that's past....

4) I also find it encouraging that it's only really two firms that are selling. Lots of widespread interest on the buy side and I hope this will provide good support and lots of fuel for the take-off.

5) Volume has been good for the past few days. I think something is up and we should hear about it soon. Hope to get a chance to call the company again.

Did this help at all? Good Luck,

Essam.
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