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Gold/Mining/Energy : UFAB - oil drilling deck fabrication
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To: soozathelooza who wrote ()9/23/1997 12:43:00 PM
From: RealMuLan   of 337
 
I think this stock has a good support at $33. When it dropped below this, it bounced back very soon. Although this stock priced at $18, it went to $29 as soon as it was on the market. So I would say much more people get into this stock at $33 or above than people get into it below $33. As for the people get the stock below $29, or even at $18, many of them cannot sell until 3 or 6 months after IPO. These are exactly the reasons why the volumn is still less than 500,000 despite the price dropped 7-8%.
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