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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?


To: Ed Pakstas who wrote (26)12/29/1997 4:27:00 AM
From: Dogger Bal4  Read Replies (1) | Respond to of 2251
 
John,

As a follower of the Namibian Minerals (NMR) story for years I found your posting about NORA very interesting. NMR will be shortly entering its "mining" phase as its ship is on route to their concession. The company has repeatedly forecast production of 150,000 carats worth average of $200 per carat for the first year. I don't own the stock presently although pondering buying again. I also agree NXI could be a good buy and should attract some large fund buying. The two stocks will affect each others share price hopefully for the better.

Any comments on NMR?

Thanks,Darwin



To: Ed Pakstas who wrote (26)12/29/1997 8:04:00 AM
From: George J. Tromp  Respond to of 2251
 
Good Morning Ed: The chart additions are very helpful. As evidenced
by a quick look some are basing., some have started to move upward.
When one looks at the charts., try to see a trend developing., big volumes usually preceed price movements. Some may bump up against resistance at various levels., others may quickly take the
resistance levels out if serious buying enters the market. Use common
sense take some profits if and where they occurr. It doesnt take a
lot of different issues., just a couple to make it all worth while. If you find a couple of winners., trade it a little., as several exit and entrance
points will occur within those issues. Tax loss selling is over., another
good way to judge which ones may see better performance in 98.,
is to watch their performance in the first weeks of January. Usually
the best will rebound quickly., the slow movers may be trailers. Sometimes one can roll into these as well.
George