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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?


To: Kit H. Lou who wrote (1614)11/26/1997 12:48:00 PM
From: Brian Pastor  Respond to of 4571
 
Kit - There is no conspiracy afoot here. A higher % of Day traders than Investors drove the stock up on the JV deal everyone speculated was coming. Now the day traders are mostly out and they took a lot of weak handed investors with them when the weak ones saw their significant gains wiped out in a sell-off. I think that below a buck, a lot of traders and investors will jump back in on the speculation that the gold news will be good to great. Of course Gold breaking below 300 probably does not help (Kramer thinks it will easily go to 250 now that key support is broken. I for one think that BCMD is a great investment at these levels and plan on adding more each day..



To: Kit H. Lou who wrote (1614)11/27/1997 7:24:00 AM
From: DJRoss  Read Replies (1) | Respond to of 4571
 
Forces are not unknown. First of all, gold is being beat up pretty bad. You have a market that is trying to regain its identity after getting yanked hard by first Hong Kong, and then the rest of Asia.

Small caps have been doing well prior to our bonafide crash a few weeks ago. Now they have to wait for the market to decide wether it wants to be bearish or bullish. Right now it has been trading rather bearish. Especially since the holiday season is upon us.

Being that the holidays are upon us, that means that outside volume(those of us who actually buy stock) is at a minimum, thus leaving BCMD and all other Nasdaq stocks at the mercy of idle market maker hands. Well you know what they say about idle hands, and MM are the epitomy of this.

BCMD will move on further news, but not as expected. Tuck her away in your portfolio until February, maybe middle of January. Volume is dropping off since holiday trading is typically dead, so don't try and skim the till for a handfull of change

Happy holidays

Thanks Dug