Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (561)	4/9/1998 3:29:00 PM
From: Buckey	Read Replies (1) \| Respond to of 3380

It would take some selling to move through the 41 and 40. I have been eyeing it for a while. I think I will wait until next week and see what happens with SVB. I still think we have another week of slow trading. If one is not aggressive and indifferent to picking up a given stock, they can always hang out a bid a few cents below the market and hope. You never know. sometimes it happens sometimes not.

To: Ed Pakstas who wrote (561)	4/11/1998 1:10:00 PM
From: John Paquet	Read Replies (1) \| Respond to of 3380

Ed,<<< Gone fishing rainbow trouts, good eating fish and good sources of omega-3s. Ed, I need some time to "discerned eyes" that LAB. However, looks at the PLM chart. Doesn't LAB JV with PLM ????? PLM entered retracement mode, as news is out, and that "AS GOOD AS YOU GETS" feeling, market profit takings. On Wednesday PLM flattened out, although closed at hi, on Thursday, PLM did not break new hi, and then retacement mode set in on Friday, it closed at the low, also noted that PLM had two days open candle sticks [both on Wednesday and Thursday] but Friday showed entire different candle stick pattern, these all indicate that PLM entered retracement mode. PLM rallied from .50 to $1.09 gains .59 [let say .60 for easy calculation] 1/3 retracement .60/3=.20 @.89 50% retracement .60/2=.30 @.80 [round off] 2/3 retracement .60/3X2=.40 @69 My judgement is that PLM could retrace to that 50% retracement area @.80 where is the five-month breakout neckline, that neckline will become very supported. Note that moj of this breakout is computed as follows: with of the argument length =.80-.50 =.30 add on from the neckline =moj= .80+.30 =1.10 YAHOOO!!! PLM exactly reached that moj @1.09-1.10 [due to computation round off etc.] and then started its retracement. ED, If LAB JVs with PLM, I definitely would like to wait and see attitude until clear pictures [of LAB anD PLM] shown, because of PLM's likely retracement you see. Regards John... P.S. Not any methods of forecast in the stock market is infallible, I might be wrong.

To: Ed Pakstas who wrote (561)	4/11/1998 3:57:00 PM
From: John Paquet	Read Replies (2) \| Respond to of 3380

Ed,<<<<For comparison purposes between PLM and MGJ.>>>>>>> Ed, I found MGL chart is very similar to that PLM so I suggest that it be good idea to watch MGL, PLM while see-and-wait LAB. IF MGL follows PLM [It appears all SVB stocks hit new hi, before news is out [Maybe anticipating NR, I guess.] then after news is out and "AS GOOD AS YOU GETS' feeling kicked in, then retracement mode followed. So it is going to be interesting to watch that MGJ too.So is comparison with PLM. MGJ breakout .40 neckline hit new hi, to, .47, and subject to that retracement except Friday closed @.46 with small volume though, from Tuesday to Thursday, it showed a bit retracement mode, maybe Friday is a pennet pattern. MGJ last rallied from .33 to.47 gains of .14 [let say .15 for easy calculation ] 1/3 retracement .15/3=.05 @.42 50% retracement .14/2=.07 @.40 2/3 retracement .15/3X2=.10 @.37 Again that 50% retracement is @.40, that breakout neckline, So MGJ could very well be retraced to that .40. Ed, you see every SVB stocks follows that 50% retracement rule. This would convince me that DML, MGD also follow that as I mentioned in CWA thread. I find this pattern or general rule is interesting, isn't it???? Also, this pattern or general rule will be broken, IF any others unforeseeable disturbing market factors happening, for example gold price jumps $$25.00 a day but that looks unlikely, but who can discern what is going to happen in the near future. John....