Fenway Resources Ltd. (FWY@V) Message Board

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Gold/Mining/Energy : Fenway Resources Ltd. (FWY@V)

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To: Adrian Elbers who wrote (3)	11/20/1996 2:18:00 PM
From: donald sew	of 135

Adrian, As for Tuesday's movement below $10.00, it appears to me simply profit taking. Just 4 weeks ago it was in the 7's and Tuesday it hits $10.50; that is approximately a 40% gain. Right now its 2 pm EST and FENWAY is at $9.75 (up 5 cents), this is actually a good sign if it doesn't drop further. With such a run-up, any stock needs to form a base. If a firm base emerges here at the $9.50-$10.00, that is very good for the stock. Remember the previous high in the summer was $9.50, and we are above it. We had a run-up and a slight pull-back, and as long as it bases here FENWAY is doing what it is suppose to. Of course we all wanted to see a higher run-up, but its doing real good still. The key is will FENWAY stay here until the next announcement. I think it will. When FENWAY is all set to break ground with construction - this baby will move, and I understand that is not too far off. Those shorters still in will be crying, and those who are long - well we know. Seeya

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