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Gold/Mining/Energy : International Gold Corp (IGCO)
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To: Semyon Kuretsky who wrote ()5/20/1998 10:20:00 PM
From: Robert  Read Replies (1) of 405
 
Another good post from the AOL boards:

Subject: Re: Something to take note of
Date: Wed, May 20, 1998 20:28 EDT
From: Cybrstkpr
Message-id: <1998052100282600.UAA00718@ladder01.news.aol.com>

The stock is being shorted. Most certainly by market makers. Its nothing new with IGCO or GDSA for that matter. I kind of sensed it coming a few weeks ago. They began playing with GDSA which they moved from .65 to .45 over a couple of weeks. These two stocks tend to move in the same direction historicly. I didn't sell though. My approach has been to continue to hold a growth stock as long as the fundamentals appear to remain strong.
At this time I feel they do.

The lowest level of market support since the stock has been Intergold and in the gold business is the 1 dollar range. Price history under a buck relates to when the stock was China West and in the enzyme business. I don't anticipate the price dipping much below a buck, if that in the near term. If it should, it wont last long.

Remember it's ore value and extraction cost per ounce that we're looking for. These two variables, if as good as advertised, will allow us all to make some nice money with this stock. Until this is fully determined (Bateman Engineering) we're gonna have to endure short selling and the volitile fluctuations it brings.
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