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Gold/Mining/Energy : Canadian Hot Stock Club - CHSC -- Ignore unavailable to you. Want to Upgrade?

To: The Osprey who wrote (1176)	12/15/1998 7:35:00 PM
From: Kevin Hamlin	Read Replies (3) \| Respond to of 1307

There aren't many stocks that I'll hold a core position in and a trading position. MRY.v happens to be one of them though. I continue to hold a core position from $1.01 and today accumulated more at $1.25 and $1.30 for this position. The accumulation on this tells a great story! Although a down day for MRY (oversold I think) as some people took some profits along the way the buying this afternoon tells a lot of what may be in store. Over the past month or so, the lead buyer of MRY has been Sprott securities (over 700,000 shares including one cross in there for about 250,000 shares). Sprott had been buying fairly steadily up to the $1.20 range and I thought he had "had his fill" so to speak. Well this afternoon, Sprott is back buying! Up 52,000 and sold NONE on the day. And what was really encouraging was that one buy of 22,000 shares was "at the market" of 1.28 through to $1.30 Other buyers who have traditionally been there, Nesbitt and Levesque, were also on the buy side today, but Sprott definitely took the lead. Interesting that in the past month Nesbitt is now up over 660,000 shares and still buying. Levesque is fast approaching +300,000 shares and still buying. I still maintain that there is something big in the works for MRY. The trading that is going on just points too strongly to that. Some people got a little rattled today, but sure makes nice buying opportunities for others!! As of this afternoon, I was back in buying more. So Sprott and Nesbitt and Levesque....who ya buying for and what do they KNOW!! No one puts up that kind of money on a whim!! :)) Regards Kevin