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Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?


To: Tom Cat who wrote (2115)3/22/1999 5:32:00 PM
From: Brumell  Read Replies (1) | Respond to of 5821
 
We had a late afternoon bargain sale, TC. It was nuts.

Gave me a chance to buy back in so I'm not complaining. If we were over bought a week ago, we were oversold late this afternoon. Probably a combination of month-end juggling, potential to be out of the margin arena, and general unease caused some to reduce or sell their positions. Others watched and then panicked. The houses who have tended to trade this stock best were heavily on the buy side so I feel in good company jumping back in.

What Gary says about a news release makes sense. Like others, I've tended to forget the company said they would follow the protocol established by the Mining Standards Task Force of the TSE/OSC. Many of us were concerned by this news release and doubted NWI would be able to avoid leaks. FWIW I personally don't think there has been a leak but others can argue that one. Anyway, it now looks like we'll be seeing a big batch of drill results in a week or so and maybe that will prove to be the best way to handle them.

We have a long way to go, TC. The road may have a few more curves, however, before we get there.

Regards,

Bob