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

To: Ward Nicholson who wrote (691)	2/8/1999 8:42:00 AM
From: Kevin Hamlin	Respond to of 2259

Still holding LIM on Toronto based on the increasingly aggressive buying by First Marathon. They are now up 2,156,555 shares since the beginning of January. The pace of their buying was fairly consistent, usually between 50,000-100,000 shares per day on average. In the past two trading days though, this amount has jumped significantly, with Marathon buying 267,000 shares on Thursday and 231,000 shares on Friday. At present the price is still holding at or around the .50 cent range. The average volume though, particularly in the past two trading days, has take a large jump up. Regards, Kevin

To: Ward Nicholson who wrote (691)	2/8/1999 8:57:00 AM
From: Greg R	Read Replies (3) \| Respond to of 2259

Re AC - Thanks. Remember though that their web site's projections tend toward longer term trends rather that short term moves. Personally, looking at my INPATHIQUE charts I see a good chance of AC recovering a bit and perhaps getting as high as $6.75 by Wednesday. As well, in the short term, I am concerned by my DOW chart which shows good opportunity for the DOW to rise until the end of the month. Although that would not mean all stocks will rise, it gives me pause before shorting AC or anything else just yet.