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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: Cal Gary who wrote (6227)	12/18/2000 12:49:27 PM
From: Joe Krupa	Read Replies (1) \| Respond to of 14101

Hi Cal Gary, Though volume does not give the impression, "smart money" (jury's out on just how smart) is waiting in the wings for a pull back. We've now seen this several times in the past week. I believe traders are well aware of this fact also, and are using it to their advantage. Georgia Pacific, Dundee, Merril, TK, Jones Gable & Haywood, all playing the spread between the low 8's and mid to high 8's. Buying in the low 8's is a relatively low risk proposition when you know there are a few institutional size orders looking to get filled just below. Must frustrate the hell out of either TD or Canaccord, who are looking for the high 7's, to fill a large order. Does this indicate impending news? I say yes, but what "impending" means is open to question. I would think that if we don't see something by tomorrow at the latest, then we wont get anything until after the new year. That seems like a long time, but after today there are only 7 trading days until the first trading day of the New Year. I can possibly envision a slide later this week in to the high 7's, but really no lower. If no news this week, then we should get buying on the dip over the 3 trading days next week. If the volume does not pick up on any kind of dip, then TD & Canaccord are going to have to ante up sooner or later. Joe