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Gold/Mining/Energy : ABC - Abacan Resources, Nigerian Oil $$$ -- Ignore unavailable to you. Want to Upgrade?

To: Sam Lee who wrote (2586)	3/16/1999 11:03:00 PM
From: Kevin Hamlin	Respond to of 3156

Some very interesting things going on today in the trading. First of all the volume....up over 1 million shares on the day. Throughout the entire day, Yorkton was there doing some huge buying, picking up over 450,000 shares at practically every price point that the stock traded today. I don't know what brought them to do all this buying but they were certainly very eager today. They've being pretty quiet on ABC at least since the beginning of this month, mostly trading in the range of 30k-60k shares per day...either buying or selling. No pattern there to speak of at all. And then buying 450,000+ today??!! If the Yorkton buying is any indication (which I strongly suspect it may be), the next couple of days may be interesting. The last time (at least that I can remember) where Yorkton really came to life on ABC was at the beginning of last November. Check the trades listed below which clearly shows Yorkton coming to life strongly in advance of the huge price rise. Date Bought Av/Sh Sold Av/Sh Day Net Position 10/26/98 0 0.00 4000 0.31 -4000 10/27/98 0 0.00 33000 0.34 -33000 10/28/98 174500 0.32 89000 0.31 85500 10/29/98 15500 0.34 20000 0.34 -4500 10/30/98 135000 0.42 111000 0.41 24000 11/02/98 18000 0.44 20000 0.45 -2000 11/03/98 150000 0.42 8000 0.38 142000 11/04/98 38000 0.41 15000 0.40 23000 11/05/98 695500 0.56 464166 0.59 231334 11/06/98 415000 0.58 311000 0.63 104000 11/09/98 74000 0.80 372500 0.78 -298500 Yorkton knew. On November 3rd they were way ahead of everyone else on the buying. So here we are again. The stock in the .30's and Yorkton wading in and buying big (and far bigger than last November too). Is history about to repeat itself? Yorkton seems to be saying yes. Regards, Kevin