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Gold/Mining/Energy : Canmine resources -- Ignore unavailable to you. Want to Upgrade?

To: Ralph Kern who wrote (2703)	9/20/2000 8:37:18 PM
From: bill	Read Replies (1) \| Respond to of 2769

What was paricularly interesting is that someone started to unload stock. Drove CMR to 55. Looked like it was going to keep going down, then it turned around and ended up for the day--on a day that was a general disaster for the market. Be interesting to know what caused someone to sell at any price and then what brought in a buyer(s). The fall in the euro and the rise in the price of oil is delivering a one two punch to the US economy. The trade deficit is astronomical. Watching the screen today I saw just about every typeof stock take a hit except financials and some oils. Interesting situation in oil stocks. Players,investors are caught between a rock and a hard place. Is OPEC going to meet US demands and lower prices? Will prices and inflation continue to climb? Which way do you jump? Buy or sell? similar question,of course, for base metal producers. Oil goes up and drives up their costs. Euro continues to fall and decreases their sales. BUT oil goes down and lowers production costs. That would help in one way but might keep the US dollar up. Tricky, tricky situation. Best situation: oil comes down and stabalizes around 26-28dollars a barrel. US dollar slides against Euro, yen. Oh, how we, the faithful long time camp followers of CMR, that hussy, are cast about by forces beyond our control. Still, she seemed to regain a little of her respctability today. And, nope, when I tried the link to read high praise of CMR, I wasn't able to do so.

To: Ralph Kern who wrote (2703)	9/20/2000 8:40:03 PM
From: Marshhawk	Respond to of 2769

I worked at home today, so caught the am trades at .55. The DWA thing seemed to get posted around 5 pm London time, and CMR moved both in terms of price and volume (for the first time in recent memory). One explanation (along the There is a tide theme) would be that DWA is going to facilitate financing, and thus having arranged financing, refinery will work, cash flow will materialize (confer Graham & Dodd) and we all get rich. Wouldn't that be nice. What I have no knowledge of is what kind of track record does DWA have in these matters. E.g., I have no doubt they are the best, but do they pick winners 50% or 90% of the time?