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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (9331)	2/18/1999 5:13:00 PM
From: Trader J	Respond to of 56535

CD: MDIN - Yes the drill is turning but I am hearing quite the contrary about the results thus far. The PR announcement from yesterday is an indication (although vague) as to the potential. Beyond that, I am hearing some very good things. But we must wait for an official result from the On-site independent geologist before anything major will happen. Today's action, although frustrating to watch, is classic and actually positive. Especially the volume into the close as the early weakness represents, most likely, a shake to pave the way for larger buying. A drop of the magnitude of today with the light volume is an indication that it was not news or result based in nature, but the price rise into increasing volume and larger lots ...... is an indication of larger buying. Still though, it appears that the hype surrounding the potential is not going to move the issue. The core sample will have to prove up and be verified as such by the geologist. I was hoping that we were going to get some prelims. today or tomorrow but it looks like the real news will be next week. Keep your fingers crossed. Tj

To: Canuck Dave who wrote (9331)	2/18/1999 5:30:00 PM
From: Solon	Read Replies (1) \| Respond to of 56535

I don't know what they have found. What they have told us is that their reasons for drilling in the first place have been justified and improved upon. All very positive. I think we will know by Monday or Tuesday which direction we are heading. Regardless of the first drill results, I believe there will be lots of room for trading in this over the next couple of weeks, so if the initial results cause a huge run up, I'll flip...I need the money...