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Gold/Mining/Energy : Eldorado
ELD 33.19-0.4%Jun 14 5:00 PM EST
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To: RomanR who wrote (399)2/4/1999 11:44:00 PM
From: JDW  Read Replies (1) of 527
 
Roman
By the look of this week's trading ELD is at a support level now. Most of the small day traders who jumped on this stock after the news release are out with a loss. Houses that bought large blocks of stock the first few days (First Marathon for one) have not been significant sellers in the following sessions so one would assume that their buying was based on different motivation (ie the potential that further drilling will prove up a huge tonnage resource). The next drill results could make this play very interesting as the market doesn't seem to discount the potential for tonnage yet.
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