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Gold/Mining/Energy : Pallet Pallet Inc.
PPAL 60.100.0%Nov 7 9:30 AM EST

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To: Richard Nash who wrote ()3/9/1997 10:37:00 AM
From: AL R   of 451
 
It's fun to see everyone get a rush.
Not to rain on anyone's parade, but 20+ percent in one day probably won't hold. Now I couldn't find the news release that was indicated on Friday and I can't imagine any news that warrant a big run on this stock. (They didn't find Busang).

1.9% of the stock was shorted (Globe & Mail). My quess is that what ever the news was, it sent the shorts running for cover. If I had bought at .30 area (I didn't), I would consider trying to sell some at the .37 level and pick it up again lower.

Good luck.
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