Buckey's Bottom Bounce Short Term Picks (CDN ONLY) Message Board

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Gold/Mining/Energy : Buckey's Bottom Bounce Short Term Picks (CDN ONLY)

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To: Buckey who started this subject	1/25/2004 9:31:36 PM
From: douger	Read Replies (1) of 5887

Possible opportunity upcoming on the 28th. I dont know if I should post here, but Im putting it on Buckey's BB's, where it probably does belong. Anywayz, EIT.UN rights hit the market ( EIT.UN.RT ) on Wednesday. My experience in the past is that many holders who arent interested in buying more shares from the rights offering, unload their rights over the first few days for quick free bucks, hence driving the price way down below their actual value and creating an opportunity for a great bottom bounce. Heres the info: 81 million EIT.UN and rights out there, so there will be a load of trades going on. Rights expire 1:30PM EST on Feb 18th, so this can be played for 3 weeks. 4 rts and $6.35 buys a share; EIT.UN presently trading @ $6.81, giving the rts a value of $ .115 each ( by the way, NAV of EIT.UN is $7.35 / unit ) If the price gets driven down to .05 to .06, ( possibly even lower, depending on how many people want to unload )the trading price should eventually climb back up to, or near, the rights actual value, before they expire. Good luck if you decide to get in. This sucker will be volatile.

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