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

To: keith massey who wrote (749)	2/15/1999 7:37:00 PM
From: Kevin Hamlin	Read Replies (1) \| Respond to of 2259

Interesting ideas Keith. So lets say that there are some shorts out there...even better, lets say that it's some of either 2 or 11. All those shorts would need to cover at some point, and as soon as that "bottom end" is reached and they think it too...well....more fuel for the fire on the bounce back up. 1) 2 and 11 stop selling 2) Bottom fishers move in 3) Others move in on confirmed signs of the bottom 4) Shorts cover 5) #'s 1-4 combined....Strong bounce up 6) Coincide this with a good day or couple of days in the techs, and it may be more pronounced. Now...where is that bottom anyway. :))) Kevin

To: keith massey who wrote (749)	2/16/1999 11:59:00 AM
From: Kevin Hamlin	Read Replies (1) \| Respond to of 2259

Well it looks like we have at least stage one of the bounce on JFM. DS, which was the only big seller over the past couple of days has no got out of the way....in fact today they're up 22,000 shares and are the second biggest buyer today, responsible for almost half the total trading volume (as of noon). The other thing that I like is if you look at the Dow and Nasdaq for the past 2 hours, they are trending downwards. In the past two hours though (since about 10am) JFM has moved exactly opposite, showing that it is not "just an overall market thing". Good to see! Kevin