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Microcap & Penny Stocks : CHC Helicopter (FLYAF) Wins HUGE contracts- solid buy...

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To: Pat Shields who wrote (12)11/15/1996 10:29:00 PM
From: Benchman   of 71
 
Pat, just thought I'd drop you a note, since it seems like you and I were the only ones talking about this stock. First, I don't know if you saw the newswire, but CHC aquired United Kingdom helicopter on October 31, 1996. Their headquartered in Scotland and provide helicopter services in the North Sea offshore market. Secondly, as always the news did nothing for the stock, so regrettably I sold all my shares today (not a whole lot) for 3 7/8 (which actually moved the stock up). I have better plans for the money. I think CHC is a good company, but I don't think it will move until next April at a minimum. The CEO has already said their annual earnings (they come out April 1997) will be great, so they have to be even better then that for it to move in April. If thats the case you would probably have to wait until September 1997 when the CEO might again say earnings will be great for the following year (like he did this year). For me that is to long to wait. I wish you luck with this stock and hope it does better for you.

Rob.
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