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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?


To: jbr29 who wrote (2830)3/15/2000 8:17:00 PM
From: jbr29  Read Replies (1) | Respond to of 4269
 
For the benefit of those who bought into this stock at high prices, only to see the price collapse, please go to this link posted previously, print it out, read it every day for a week, then post it on your bulletin board and read it every week.

Now go to Canada Stockwatch and pull up the chart on Flag. On the bottom of the chart you will find the daily volumes since late last March. Most days are effectively zero, but go ahead and add the volume you see for each day that has a volume bar. Estimate to the nearest 10k (that's about the best resolution you can get eyeballing it). Record all the volumes up until and including the next to last trading day in February. That day was the last day until the stock "took off". Add up all the volumes. This total represents the accumulation volume.

Now, add up all the volumes since that penultimate trading day in February. Subtract about 100K from this figure (as this will represent those that successfully "flipped" the stock for a quick in-and-out.) When the two numbers roughly equal (~= 200K apart or so) each other the distribution will have been completed.

This stock can and will get very volatile. Sudbury will be in play in the future. Just don't sell out at the bottom, and for crying out loud, when you're in the chips take some off the table and play with the house's money.