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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: xdll who wrote (1636)5/30/1998 9:53:00 PM
From: Jay Lowe  Read Replies (1) of 4142
 
There are FOUR factors which will press downward on MIDLP in the near-term:

1. Monday is first ex-dividend trading day so the the perceived value will naturally drop to reflect the absence of pending dividend.

2. When the split is implemented, the price will automatically
drop by 2/3 ... at the same time, you will have 3/2 shares = $0 change.

3. the 10% of clueless holders will see the adjustments and freak,
thinking the drop "means" something ... selling will increase to some degree.

4. those who understand "P" have placed their bets already, so demand for "P" would be expected to be reduced.

It's possible that the "P" will drop to less than the split-adjusted
price ... this would be a nice buying opp on the "P"
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