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Gold/Mining/Energy : International Rochester Energy Corp. (V. ROH)

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To: Arktic who wrote (185)5/27/1997 8:08:00 PM
From: Ed Ajootian   of 188
 
Paul,

Yes, I'm pretty sure their main market maker is Cannacord since it is
that firm that brokered their last private placement in October. Would
appreciate hearing what they are telling folks these days. From the
look of today's action (dip to C$.43 for the first time since they hit
the Estero) it doesn't look too good.

I agree with the thought about holding on in spite of market fluctuations
as long as you can be sure that they are not being created due to a
change to the fundamental value of the company. I am trying to rule
this out at this point and any info you can dig up about this would be
welcomed.

Hopefully Harken will put something out once the extended production
test has started on the Estero and this will rally the troops.

Smart move in holding out your buy on this until the dust settles. If
its gonna insist on making a new post-Estero low then the wisest move is
just step to the side and let it drop IMO. As bullish as I am on this
company. I've stopped throwing in my buy orders.
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