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Gold/Mining/Energy : Position Trading in Canada

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To: Wizzer who wrote (524)1/19/1999 10:51:00 PM
From: Kevin Hamlin  Read Replies (2) of 2259
 
I posted this over on the MRY thread, but thought it might be worth putting in here. The buying on MRY has perked my interest quite a bit!

I'm very very encouraged by the buying that has been going on in MRY since the beginning of the year. Take a look:

Nesbitt up net 208,000 shares
Levesque up net 109,000 shares
McDermid up net 108,000 shares
Dominion up net 81,000 shares
CT up net 60,000 shares

With the bigger volume starting to come in and the beginning of a nice price rise starting to happen, something seems to be in the works, and it's clear that a few houses have been positioning themselves over the past couple of weeks.

Today was VERY nice to see too!

Just today:

McDermid takes a 200,000 share cross. (Someone sure likes this stock!!)

Someone through Midland scoops up over 30,000 shares today.

Also very encouraging is Sprott back buying today up another 20,000 shares. Now that's not really a lot, but just that Sprott is back buying...and at these levels, I think is significant.

MRY has a lot going for it and it looks like the market is saying that something is about to happen. What, I don't know. With MRY growing the way it is, it could be any number of things.

Should be interesting! :))

Regards,

Kevin
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