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Gold/Mining/Energy : Nuvo Research Inc
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To: J.P who wrote (752)3/13/1998 8:33:00 AM
From: READE SMITH  Read Replies (1) of 14101
 
I agree with Mark -- if you look at our share price using a 120- 160 day moving average -- you can see that we should be between $3.50 and $4.00. That's a good climb from $1, just over two years ago.
It has not been slow and steady because -- it's a pharmaceutical -- we have big momentum players -- our TSE listing was hyped to the hilt by major brokerages (everyone was told that Pennsaid approval would occur last year -- it didn't and those with no patience or vision dropped out)-- finally -- when we move up everyone hopes that this will be the" big one" and does not want to be left out-- so they "buy high".
The future will be even more volatile -- on the upside -- but the risk is diminishing.
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