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Gold/Mining/Energy : Alta Gold -- Ignore unavailable to you. Want to Upgrade?

To: XOsDaWAY2GO who wrote (478)	2/13/1998 11:39:00 PM
From: Francois H. Gaston	Respond to of 749

Good job. Congratulations. If I had some more cash, I would still buy a that level, big time. T.A. of ALTA is looking better and better. I would not be surprised to see $2 this week. Negative Volume Index (indicator of "smart" money) and Positive Volume Index (indicator of "dumb" money) are both climbing...Which is very bullish. ALTA is NOT overbought which should lead to nice days ahead, IMHO. A retraction to 1.5 is possible, but very unlikely in my book. Some resistance is possible just below $2... but could be quite temporary. Some predict that the gold ounce could go down to 265 (ooooh! big deal!... I am really scared!)... somehow I do not think so in this shaky international environment. ALTA has done very well as compared to other gold stocks the last 2 weeks. Its PE is still low for a gold mine. If they receive the green light for Olinghouse we are in for a nice run up. I continue to suspect that some smart money is a play with ALTA and is trying to augment its position slowly in an attempt to prevent a big run up. One would not want to attract too many day traders and expose this stock to extreme volatility... (Personally I would not mind!)... I suspect that because of the action of the stock some days ago, when it was quickly dropped down a the close. Just IMHO. ALTA is a keeper. All systems go... We are NOT done for this rise...(IMHO)... we have turned the corner, placed a double bottom and we stay quiet... because there is not much to say... Oh! Yes!... If my profits with ALTA are signficant, I will sell some shares and buy some more gold goins while they are still cheap, despite a 207% increase in gold coins buys in 1997... what will it be in 1998!? Good luck all. Fran‡ois H. Gaston