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Gold/Mining/Energy : CANADA PAYPHONE - CPY(vse)

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To: gemini who wrote (42)	1/25/1997 1:26:00 PM
From: DAN LAVALLEED	of 171

Hi RICHARD and gemini, boys what i thought was happening was that canacoord was buying late in the day to cover thier short position in anticipation of the big news that we are waiting for which is a little delay, but its comeing sit tight. yesterday midland was the big seller and from what i understand from following the tape since nov. they are selling stock which they don"t own in other words shorts which are uncovered.this will only help to drive the price up if they have to cover when the stock starts to run. these are my thoughts, the day of reconeing is not far off. DAN

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