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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Jesse who wrote (4860)4/25/1998 10:28:00 PM
From: Famularo  Read Replies (2) of 7966
 
Jesse, do you remember the big selling at $4.10 a few weeks ago. I was informed by someone that First Marathon has shorted the stock on anticipation of buying it cheaper. It is my guess that if the stock breaks $4.25, I expect First Marathon to start covering their position forcing it even higher. I see no reason why Ashton can not trade to $5.00+ within the next few weeks. It has received support by newsletter writers, analysts and public newspaper coverage the past four months that it is just a matter of time before we see action on Ashton. Remember what I said for months, Ashton needs to move before the other ADP players would move. I still support that view. This is the baby to watch.

Regards
Frank Famularo
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