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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: loantech who wrote (1909)8/23/2001 2:21:27 AM
From: Al Collard  Read Replies (1) of 4051
 
"Al why would yorkton sell if a pp with drilling may make the stock go to new 52 week highs?(ply)"

To hold the price of the stock down to do the PP? A nervous investor bailing? There could be any number of reasons why Yorkton was selling.

I only offered different scenarios at what the stock might do after a PP.

1. A PP without a drill program announcement at the same time and the stock tanks. JMHO

2. At this point the PP scenario is still an IF, but IF it happens, hand in hand with an announced drill program I would think the stock goes to new 52 week highs.

I ask you this. If everyone thought the stock was going to tank why all the buying of Yorkton's shares? For every seller there must be a buyer.

Cheers,
Al
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