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

To: The Devil Dog who wrote (773)	2/17/1999 3:01:00 PM
From: keith massey	Read Replies (1) \| Respond to of 2259

Someone must be shorting JFM again <ggggg> Still waiting for a definite bottom with a bounce on volume for an entrance point. Got in for a chunk of EAT.A yesterday at .28 and looking for a quick entrance in couple of days. Best Regards KEITH

To: The Devil Dog who wrote (773)	2/17/1999 4:39:00 PM
From: Kevin Hamlin	Respond to of 2259

Hmmmm, interesting day on JFM Wayne. I was out most of the day so only checked in once or twice this morning. Missed a nice dip in there! As soon as I saw the drop (this is after the market is closed now), I went looking in the trades for the reasons as to what was going on. The volume today was pretty much dominated by three houses: Greenline total volume was 157,000 shares, down 31,000 on the day DS total volume was 89,000 shares, down only 6,000 on the day Nesbitt total volume was 48,000 shares, up 27,000 shares on the day. After that, theres a bunch of houses that range from 22k down to practically nothing....none of them making any difference at all on the day. So why the big swing? Well from what I can see most of the dip starting at around 2pm came courtesy of a bunch of greenline people selling...particularly in the 6.50 range. Looks like a few greenline people freaked as the price was dropping and gave it an extra push down. A lot of greenline red on the intraday chart between 2pm-3pm The volume is still pretty light, so the swings are no doubt more exaggerated. Other than that, can I see anything going on? Nope. Nothing....other than the behaviour of the markets in general. I'm not really concerned about today, other than I missed a nice opportunity to pick up some more! I'm sure this will be the short term nature of JFM until the volume comes back in and people stop being so skitterish! A nice retest of that $6.50 level, and it held and bounced off it again. Holding and happy. Kevin