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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: DIAMOND JIM who wrote (2523)	3/2/1999 4:49:00 PM
From: Confluence	Respond to of 7235

Hello DJ, Just like last Wed, the friendly folks at TD (a lot more broadly-based than First Marathon - meaning that it is difficult to understand what they are doing) walloped the bid during the last minute. You'd think the seller would have been able to get out some stock before the very last minute. It looks like some institutional client has a real dope for a broker. Imagine being satisfied selling 37,000 shares at 6.80 when the stock was in the 6.90 to 7.05 range all day. Maybe some of these fund managers don't care what price they get. There was some nice buying from Yorkton earlier in the day, and some more from RBC (maybe a report coming from the London office?), but the stock sure is trading like a pig. It sure would be nice if the market values ever started to trend towards the intrinsic values. Especially with expectations of good news to come. Wouldn't it be better for good news to be announced from the 8-9 dollar level rather than from 6.80? Oh well, another frustrating day. Regards, Confluence