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Gold/Mining/Energy : Microforum (MCF:TSE)

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To: donkeyman who wrote (1483)	4/30/1999 8:44:00 AM
From: swot	Read Replies (3) of 3896

Goodmorning all. My take on the situation is that if it doesn't open up higher than it did yesterday ($1.60 higher than the close the day before) then I suspect we'll see a close in the 8's or (low) 9's at the end of the day. As I've said before, I'm more certain of the trading pattern than I am of the reasons it occurs. So far the the pre opening bidding is stuck at 10.00 with the bid/ask ratio weighing more on the bid side. Not by much mind you, but still more on the bid side. This is indicative of a trading pattern (that I have noticed) that shows a weakening in the rise of a stock and a strong possibility for a pull back. It doesn't mean (to me) that the ride is over. But I do have a strong suspicion that there's going to be somewhat of a pull back today. All the Best Marty

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