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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: the Chief who wrote (765)10/30/1997 11:54:00 PM
From: Ed Pakstas  Read Replies (1) | Respond to of 11676
 
Chief: IMO... (From a trading point of view)... It's going to go lower tomorrow...How much??? I don't know... There were some fairly large bids (25K @ 3.12 and a couple of 10K in and around that range,) that were getting knocked out late in afternoon trading...

I could be totally wrong if the DRZ puts out a news release with some good drill results, first thing, in the morning...

ed

ps: I have a long position and a trading position... I use the trading position in an attempt to pay for my long position... I only purchase the trading position on "downticks" from my last sale... In this price range the downtick has to be a minimum of 10% less than my sale...

So far so good...My long position is about 70% paid for... This puppy is volatile enough and liquid enough to accomodate any size of trade...Just got lucky with Mondays correction...and took advantage of it...

Could have done better today... Had no access to a computer from about 11:00 a.m.

Have to keep in mind... This does NOT WORK in all situations...