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Gold/Mining/Energy : AVL.V - AVALON VENTURES -- Ignore unavailable to you. Want to Upgrade?

To: Gary K who wrote (571)	3/9/1998 11:27:00 PM
From: Sam	Respond to of 1474

Gee the response is so bad one would think that they struck gold,or coal, or some other worthless comodity,, ,,we need a positive NR to get the interest up SAM

To: Gary K who wrote (571)	3/10/1998 10:16:00 AM
From: DRT	Read Replies (1) \| Respond to of 1474

Here are a few of my observations on the trading since Jan 1 (for what its worth/mere speculation since I do not know who buys or sells, only the brokerage firm which executes the transaction): 1. In the junior mining sector, liquodity usually means price volatility. In Jan-Feb, according to the average buy and sell prices, it appears that the traders made more on the fees they charge vs. what their clients made on the stock price - Levesque, Georgia Pacific, Canaccord. 2. Some that bought in January, at lower prices, were probably taking profits in Feb and Mar (as they have in the past/some of which still hold a large core position) - Nesbitt, Gundy, etc. Looks like Dominick was the profit-taker yesterday. 3. What is more noteworthy is the following: - There is liquodity if you have to sell to meet short-term financial obligations, etc. AVL's liquodity is not inflated by insider day-trading (i.e. the insiders are not day-traders). - Since tax-loss selling in Dec and the coincident meltdown in the mining sector, AVL's stock price has been trending upwards. - Since Feb 1, the net accummulation of DS, Midland, Research Capital and others (CT International, Green Line, Golden Capital) is noteworthy. - There were only 11,200 shorts as of March 5th (a decline of 4900 from the previous report). - No reports of insiders selling over the last couple of months. While its difficult to ignore the trading, over the last 8 months I have not seen any reason to sell, only reasons to buy: - Big Whopper mine will generate long-term cashflow, - the exploration potential, - the coincident exploration activity ... pending drill program assays on the Big Whopper and Wolf Mountain (tells me there are some real possibilities of new discoveries in 98), - its only March and we are awaiting assays - others are still trying to raise cash for their summer drill programs, - the commodities - rare metals and PGEs - with the uncertain price outlook for other commodities over the longer term, AVL's management could not have made more strategic decisions. DRT