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

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To: JKNF who wrote (1768)	5/3/1999 6:36:00 PM
From: swot	Read Replies (1) of 3896

I'll know more about the direction we're heading when I see the strength of the market on tomorrow's open. I'm not so certain we're going to start heading back up so soon. With the recent PP (which gets finalized on the 10th) at 6.50 we may find the seven's (and possibly eight's) to be a new support level for a short while. I wouldn't be surprised if it even dips down to six. I would definitely be very surprised if it dropped back to the 4 or 5 range. I don't expect this but anything is possible I guess. My suspicion is that we'll get some support in the 7 dollar range for the rest of the week - unless a news release gives it reason to start heading north in the mean time. I did hear (rumor) that an NR would be disseminated this week by Software Guarantee but as I said it's only a rumor. Other than that I would expect NR's to be fairly consistent over the next several months.

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