Georgia Bard's Corner Message Board

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Pastimes : Georgia Bard's Corner

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To: Ga Bard who wrote (2304)	5/20/1998 4:17:00 PM
From: Andrew G.	Read Replies (1) of 9440

GB: I thought you liked "shells" ? ICVI closed at .20 yesterday and opened at .30 today & closed @.43 It's intraday high was .593 while I was typing a message to you. If you take a look at this chart, you'll see it has gapped open 3 days in a row : tscn.com what I like about this chart is that the incline is consistent across all three days. You can lay a ruler over it and it's almost perfect. From a TA standpoint it looks set to gap over .50 tomorrow morning. Any TA people here? Would appreciate some input. BTW I wouldn't dare try to day trade this one. commissions are very high on it. I paid $90 for less than $500 worth Monday through Schwab. volume is wholly accountable due to turnover and cheaply valued stock. Estimated value of their acquistion Mountain Energy, inc. is $200M With 18M shares out and 13M float, the company is being valued at only $7.74M. I believe this is the cause for the commotion. ICVI is like a "shell" in that their board will resign upon consumation of the deal and Mountain Energy will be the controlling shareholder of ICVI. See the press release: biz.yahoo.com

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