11.   Traders say gains were exaggerated by low trading activity.

12.   Traders say low volume may be exaggerating these gains.

13.   Traders had expected prices to drop Monday on speculation the gains were exaggerated, but buying from large commission houses sent prices higher.

14.   Treasury prices rose sharply Wednesday, but light trading exaggerated the gains.

15.   Both Chechen independence fighters and Russian federal forces have continuously exaggerated their gains and played down their losses in the almost six-month war.

16.   Earlier predictions by three major television networks based on a mixture of exit polls and phone surveys turned out to have vastly exaggerated gains by the NKP.

17.   The state channels covering Russia and the rest of the Commonwealth of Independent States are obliged to rely on official statements that have tended to exaggerate Russian gains.

18.   MacMillan said that while the fundamentals remain supportive for all the metals at present, the fund activity is exaggerating the gains.