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Strategies & Market Trends : Natural Resource Stocks

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To: cavan who wrote (15915)	10/13/2004 8:34:11 AM
From: Ed Ajootian	of 108697

cavan, EGSR -- Contrary to what I mentioned to you in a recent PM I now believe this correction will hold at the $.60 level or above. The fact that the stock has held up in the mid 60's in spite of no news coming out plus in the face of a significant reduction in the near-month contract leads me to this conclusion. This stock seems to have a very patient shareholder base, unusual for a penny stock. The company is trying to put together a large-impact play in Wyoming as we speak. If and when they announce the spudding of the first well in such play the stock should blast back up through the $.70 mark.

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