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Gold/Mining/Energy : Position Trading in Canada

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To: DaveU who wrote (759)	2/16/1999 1:44:00 PM
From: Kevin Hamlin	Read Replies (1) of 2259

Well, sometimes you get lucky. :) Looks like one of those minor retests on JFM going on right now which is fine. The Dow and Nasdaq have pretty much gone flat for the day now, so (particularly with Nasdaq) it helps to give a little better indication of whether the stock has any internal strength (or not) on it's own rather than just the overall market. If it holds above $7.00 (which it seems to be doing), I would suspect that it will bring in another round of buying as people see the bottom being confirmed. DS is now the biggest net buyer, but on a day as light as today, even this is pretty small. I think they're up about 16k on the plus side. Even thought this is a small amount, it sure beats the heck out of the selling they were doing the past week! The biggest seller is greenline at about 23k, which is an indication of nothing! The next biggest seller after that is Midland, and that's only down 7k on the day. As I said earlier, I'll hold for a couple of days I think. Maybe I'm being too optimistic, but I would think JFM should reach easily back into the $8's and maybe then some. I guess we'll know in a couple of days! Kevin

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