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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: AriKirA who wrote (1719)12/6/1998 5:40:00 PM
From: Kevin Hamlin  Read Replies (1) | Respond to of 4467
 
HEADS UP MRY on Vancouver.

I'm not sure if I've mentioned this before, but this one is definitely getting interesting.

1) Over the past 3 weeks, Sprott (house 73) has been accumulating shares...mostly in the .90's. He's been pretty sneaky about it, just coming in in the morning, swooping up about 30k, and then leaving it the rest of the day. In the past 3 weeks, Sprott is now up a net of +600,000 shares.

2) As well as buying in the .90 range, Sprott has been buying strongly also in the $1.00-$1.10 range in the past week.

3) As well as buying strongly in the above two ranges, Sprott continues to buy on Friday 150,000 shares at about $1.15 or so.

4) MRY comes out with a very positive release on Friday, which you would think would be the cue to sell (on news).....and Sprott starts buying bigger than he has on any other day so far???,....and the bids are filling in strongly?????

Not sure what's up, but it sure seems someone does. I'm in at $1.01 and am considering buying more.

All the best.

Kevin