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Gold/Mining/Energy : American Resources of Deleware (GASS)
GASS 7.955+2.6%Feb 6 3:59 PM EST

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To: tony mendoza who wrote (47)4/11/1997 12:20:00 AM
From: Ed Ajootian   of 172
 
Tony,

The huge volume of the last couple of days together with the refusal
of the stock to go down has me convinced that the end of the shorting i
is near. This is looking like a great company now that they are just
weeks away from issuing a phenomenal quarter. Half of the covertible
bonds have been converted so far --- won't be long now, especially with
a quarter mill. shares going through per day.

I'm raising my recomendation back to "buy" for this stock. If you are
going to get in, you may want to do so before they announce 1st quarter.
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