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Gold/Mining/Energy : Battle Mountain Gold (BMG) -- Ignore unavailable to you. Want to Upgrade?

To: donald martin who wrote (60)	1/26/1999 11:02:00 AM
From: Roebear	Respond to of 174

donald, I DO like TA when stock picking, though the PM stocks require one to do the TA on gold price also and that has been tough the last year or so. I am checking BMG at the moment, will get back to you. Other opinions welcome. I have held a small amount of BMG for awhile, added more yesterday at 4. Roebear

To: donald martin who wrote (60)	1/26/1999 11:41:00 AM
From: Roebear	Read Replies (1) \| Respond to of 174

donald, FWIW, it sure looks like a bottom and possible reverse hammer. However, the caveat is the gold price, which has been looking sick lately. BMG has only spent 4-5 days below 4 in the last 4 years, the absolute bottom being 3 1/16 end of August. For my short term range I would draw a line around 3 1/2 for a bottom limit. Actually, it should have held 4, if it breaks below 3 15/16 on a close this is not good. The gold price caveat is a BIG one, this is the one that will make the bottom here or make a new lower bottom. I currently feel I cannot forecast this, the TA is all mucked up, but the risk seems limited so I am in BMG, for now. Roebear PS, while looking at charts, the POG took a hit, down about $1.60 and silver down also. Not good.