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Gold/Mining/Energy : FASC (First American Scientific Corp)
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To: Trooper who wrote (132)5/5/1998 11:36:00 AM
From: Ed Fishbaine  Read Replies (2) of 972
 
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With 84 trades absorbing over 2.77 million shares, thus averaging over 33,000 shares per trade it is clear that large buying is going on for the accumulation of a position. The selling may be provided by holders with equally large positions who may have accumulated their shares as an equity for debt tradeoff. This is just a guess, but it would make sense because those paid in shares in lieu of cash always want their money when liquidity permits. If this is continues it looks like FASC will rid itself of a share overhang and then a more appropriate share price can develop. I am impressed.

Ed
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