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


To: inlong who wrote (2767)3/31/1999 7:05:00 PM
From: 4TNiner  Read Replies (2) | Respond to of 5821
 
Hole 18 could be the start of a whole new find, as well. If people did not read the NR closely they missed alot of info and may have been caught up in the stampede and foolishly sold cheap. I wonder how many .60 were still in the play when it peaked at $3.00 plus and started heading down. Smart money would have these people taking profits so most sales now are from those who likely bought $2.00 plus. This is a speculation and is subject to the whims of the drill. I do agree with you though that next weeks results should improve the situation.

I think we are all in agreement that NWI is doing everything possible to prevent leaks. But as the Brummer pointed out the selected trading pattern suggests a few are in the know. I believe FM was mentioned in that hypothesis. We should follow FM closely and see what they do, especially as we get nearer, say two minus days, to a press release. They could be playing the pump and dump game. Since no news is likely to come out before the middle to end of next week I sense we could see some more erosion in the price although its getting pretty darn low now. However, past trends have indicated that this stock suffers when news is delayed. now that might be because the price was over stated to begin with or it might have a basis in anxiety. I am still long and will remain so.