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Gold/Mining/Energy : International Canalaska (V.ICA)
ICA 0.5670.0%Jul 11 5:00 PM EST
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To: Andrew Zebak who wrote (761)6/7/1999 8:46:00 AM
From: 4TNiner  Read Replies (2) of 891
 
I am sure you would agree that penny stocks are not investments but are pure speculation akin to throwing dice. Some will go up most will go nowhere. I own one Junior mining firm that had almost no money, no options and no property that has gone internet and my .35 stock last traded for 1.40. ICA will end the summer over .50 which will be a three fold increase for me. I think you agree when I say the biggest challenge with these stocks is knowing when to get in and when to get out.

My logic for this is:

1) Anything internet is hot and they have put together an impressive advisory board.

2) They will pump this stock to get it up to make it interesting for capital farming.

3) NWI will bang into more nickel at LAc Rocher and all the area play companies come the end of July will move up. ( ICA traded at .36, almost doubled its value of two weeks earlier when Nuinsco, PDAC, released drill results.

4) ICA is an ambulance chaser. If you know that then why expect them to be a leader, they are not, they go with the flow and look for opportunities. Get in early and then get out.

So, a .50 ICA is a very likely possibility. How long it stays there of course is another matter all together. The fact that we are in the spring thaw period, little is happening at Lac Rocher or anywhere else north and this stock is well up from when I bought it suggests it will have legs for the summer.

Thank you to GP & Killick for your kind words. Lets hope we all have a bit of luck so that next year we can share a drink in celebration.
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