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

To: Fred Benjamin who wrote (681)	2/4/1999 1:56:00 PM
From: Kevin Hamlin	Respond to of 2259

I bought into LIM on Toronto this morning based on some technical indicators that I use and the pattern of buying that is currently there. Here's what I've been able to find out so far. House 80 has been quite interested in LIM over the past couple of days in particular. Here's their daily purchases for the past week or so. Jan 27th: +51,000 shares Jan 28th: +115,000 shares Jan 29th: + 91,000 shares Feb 1st: + 3,500 shares Feb 2nd: + 85,000 shares Feb 3rd: +107,950 shares Today: +242,000 shares so far today as of 1:50pm That makes their total +695,450 shares since Jan 27th. During the entire month of january House 80 purchased net +1,715,550 shares at an average of .53 cents. They were also the largest buyer in December, purchasing net +759,500 shares at an average of .41 cents. It's interesting that they're buying so much, and that their buying has become substantially accelerated in the past week. The tech signals that I'm using show the buy on 6 out of 8 indicators. I'm now in at .48 and .50 Regards Kevin