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 : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Ward Nicholson who wrote (671)	2/3/1999 1:31:00 AM
From: Wizzer	Respond to of 2259

PRX: Was going to buy in today, but the momentum dropped on the share price. Didn't know if it was going back to $1.15 or not. An unsure day for me in general. Could have made some decent dough on the two stocks that reported earnings today mentioned on the Daytrading in Real Time. Am still a little unsure about picking up after the dump of shares. Difficult part is to know where the bottom is and I haven't quite developed the "knack" for it. TA helps, but I'm still not very good at it. I can usually tell clear cut momentum, and I normally trade when it's on the uptick. Would like to feel confident picking up on the dumps, but that may still take me some time. Regards, Wisam

To: Ward Nicholson who wrote (671)	2/3/1999 8:51:00 AM
From: Kevin Hamlin	Respond to of 2259

Yes, I'm in PRX. Bought a little more yesterday on the dip. I'm sure most of you saw the spike up on TVL yesterday. It's one that has been on my screen a long time...as in about a year now. I wasn't in prior to yesterday though! (arrgghh!) Kinda funny how some stocks "stay on your screen", but you kind of forget to pay close attention to them. Anyway, Given the very positive news that TVL had yesterday, I decided to take a good look at the trading that has been going on in the past month. Quite interesting. The buying the past month that house 70 has been doing tell a lot I think. Here's the details. House 70 is up net approx 380,000 shares this month. This represents about 45% of the TOTAL buying on TVL. This is a great amount of buying by just one house! Next, take a look at the actual trading this month. House 70 has been buying ALMOST EVERY SINGE DAY THIS MONTH. They have accumulated this many shares and have sold a whopping 16k or so, leaving them up just a few k under 400,000 mark. So, lets make the reasonable assumption that someone at House 70 is making "informed buying". You would think that if they have been buying all month, that yesterday would have presented an EXCELLENT opportunity to sell. Good volume and great price, relative to where they had been buying at throughout the month. So did they sell, taking a very very nice profit? NO, THEY DID NOT SELL. THEY BOUGHT EVEN MORE!! In fact, out of 18 actual trading days since the beginning of Jauary, yesterday ranked as their 4TH LARGEST DAY OF BUYING. It actually would have ranked number 3, but missed it by only 100 shares. House 70 yesterday BOUGHT 34,900 shares. My guess is they know something. And they know enough that even though TVL took a jump yesterday, there is still a lot more to come. They wouldn't have been buying the way they did yesterday if they didn't believe (know?) this. The trading patterns of the informed buying tells volumes. As of yesterday, I'm back in. Regards, Kevin

To: Ward Nicholson who wrote (671)	2/3/1999 6:14:00 PM
From: keith massey	Read Replies (3) \| Respond to of 2259

Don't know if anyone caught the move on JDX today. Hit .73 on 562,000 shares. If Haywood hadn't dumped in the last 20 minutes of trading the .70 mark would have probably held since it had lots of support. I bought some at .56 yesterday since I figured .55 would be the support level. The triple top at .55 during the past 4 months and 100,000 share resistance there for the past 2 months at .55 qualified .55 as a support level to me once it was broken. It has now bounced off the .56 mark twice in the past 7 days so I am fairly sure that is the short term bottom. The move today caught me off guard and I have don't know what caused the move yet. I've pointed this stock out to this thread a couple of times in the low .40's last month and to the Day trading thread when it broke through the resistant point at .55 last week. This is now my biggest holding by far and have only taken a bit of profit in the mid 60's during the first run-up to lower my average cost. I am now holding for the next news release which will make or break this stock (hopefully not break since I am long) Background for anyone how cares - ignore this if you are just a chart reader and my apologize for obvious hyping: Jordex announced a while back that it was getting out of the mining industry. On Jan 25 they announced that they retained Hamilton Group LLC, of White Plains, New York, to assist it in the identification and investigation of new business opportunities. Hamilton also placed a person on Jordex's board and took down a PP for 800,000 at 48 cents per share. They also added Carlo Civelli to the board of directors. From what I have heard Mr. Civelli is a well know venture capitalist who has been in the game for a couple of decades. On Sept 30 (the last Sedar report) JDX had $21,175,000 cash with $95,000 in debt. They also had their investment in LOMA DE NIQUEL which they valued at $2,958,000 and according to the company will result in moderate future cash flow beginning in 2002. In the 3 months ending in Sept they made $1,083,000 in interest and $1,292,000 in foreign exchange. They had a burn rate of $189,000/month ($560,000 total of which 88,000 was for exploration). If they have continued with this interest income and burn rate with possible foreign exchange benifits they should have around $22-23 million in cash right now with no debt. The presently have 29,067,000 shares out which equals around $.73-.78/share not including the private placement. I know that Brian Hinchcliffe owns around 2.4 million shares but am not sure what the other insiders own. JDX is actively followed by several newsletter writers including Kaiser, Fagan and Bunka. If JDX comes out with a good game plan you can be sure that these guys will get the word out fast. That's the end of my hyping for the night. Best Regards KEITH