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Gold/Mining/Energy : Repap (RPAPF)

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To: scott who wrote (115)	4/7/1998 10:47:00 PM
From: Wizzer	Read Replies (1) of 485

Perhaps, I should ask you then. How do you feel about this play? I have sold twice already with marginal profit. I had purchased last week thinking that quarterly results would be out in the beginning of April (my mistake it is May). I sold it right back and was going to wait until the third week of April. As of today I would have been up around $400. All the big boys seem to be buying (CIBC Oppenheimer, TD). Are the shares being traded right now, in your opinion, part of the huge blocks purchased at 10-20 cents? Who in the world is selling so much that volume is extremely high every single day?They would still have made an excellent profit. I may wait a few more weeks as I had formerly thought there was resistance at 28 cents. I do not know if this price will continue to go up until the release of 1st Quarter results. I am aware of the huge debt and what I do not understand is the parody of the purchasing pattern. Why buy when there is over $1.50 worth of debt? I have just purchased on momentum although I do think it is possible to have worked the debt down significantly by the 1st or more likely the 2nd quarter.

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