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Gold/Mining/Energy : GLAMIS GOLD - GLG -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (295)2/26/2001 8:39:02 AM
From: Richard Mazzarella  Read Replies (1) | Respond to of 459
 
Wayne, <<GLG been all over the map today>> I mentioned weak hands selling. I just looked at the day chart for GLG on Friday and it shows just what I thought. A strong move up with retracement to ~1/2 the move. That's very typical behavior to consolidate the gain. Weak hands take profit at a level, they're gone and the stock can then move higher. The real issue is if there's follow through with continued appreciation. Gold bulls have waited for 5 years already, they should be able to wait another couple months. <VBG>