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


To: Just G who wrote (2821)4/1/1999 12:56:00 PM
From: Brumell  Read Replies (3) | Respond to of 5821
 
I'm wondering if we have a leak. Trading is very strong.

I'm aware of the bounce pattern Gary Nash referred to early this morning. I used to call it a J curve and thought that was what we had this morning. These J curves are usually very short in duration, however, and the bounce back usually lasts a short time - often less than an hour and sometimes only minutes.

Today's trading is very different. Lets consider a few points:
1. As TC pointed out a few days ago, this stock has had a habit of fading at noon hour. Not today.
2. Security is hard to keep over a long period. For the first few weeks, everyone will be on their toes but after awhile, people will tend to let their guard down.
3. Marek and a few others have thought they saw evidence in prior trading of negative leaks. I couldn't see it but wouldn't want to argue with them. They may have been right.

If today's trading is motivated by a leak, it looks like good news. I think we all deserve some.

Regards,

Bob