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Gold/Mining/Energy : coastal caribbean (cco@)
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To: Robert Furman who wrote (715)3/5/1999 12:20:00 PM
From: Edwin S. Fujinaka  Read Replies (1) of 4686
 
Looks like I bought another thousand at $1-1/8 this morning. Yeah, you are right about the insiders being a worry, but the low volume tells me that it is probably just the uninformed crowd of dabblers that are involved here. Even 70,000 shares is not any sign of a heavy hitter bailing out. Things seem to be plodding along here. I do sense that the entire market is on a compressed time frame so that the swings occurr faster and faster. That's why options are selling at such rich time premiums. A while back, I sold some Intel calls at ten points over the market with only five weeks to run and they ran up 300% in less than two weeks (I sorta lost money on that). Then Intel ran down in another month so I didn't feel too bad, but it ran back up in another couple of weeks. I think that CCO is a pretty good short term bet for the next six months at these levels. We'll see. Anyway, off to Las Vegas for a few days. See you when I get back...
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