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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Michael Mc Donough who wrote (376)9/30/1997 5:49:00 PM
From: Graham   of 5206
 
Michael, I understand your frustration about the price. I have just done a little research back to March regarding, that you do not believe the end of the month tax loss scenario.

End of March $0.95(low)
End of April $0.75(low)
End of May $0.40(low)
End of June $0.38(low)
End of July $0.36(low)
End of Sept $0.28(low)

This indicates tax loss to me when it happens at the end of the month followed by a nice run just after. Some get caught buying at the top within the month and by the end of the month need the capital to chase the next one.

Within the next 7 trading days of the monthly low KRT hit its high for the next month then dropped off. Over these 6 months the average % increase after these lows was 29%.(range 17% - 63%)

If the same pattern holds true by Oct 11 (imo) we could be in a price range between $0.33 - $0.46 without any news.

I am not sure if this will happen but using past tendencies there is a chance this will occur I hope.

Good Luck to all KINGS

Graham
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