Lundin Oil (LOILY, LOILB Sweden) Message Board

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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: Alan Greenspan who wrote (649)	7/14/1998 12:10:00 AM
From: Greywolf	Read Replies (1) of 2742

In the word's of Alfred E. "What me worry" The stock is dying in Stockholm as well under an un-alarming volume. Matteus, one of the more widely used stock brokers went out with a sell recommendation a few weeks ago for the short term as the company believed that ASTRA would do better. Well ASTRA has moved down as well after the deal with MERCK so Matteus is sitting there with egg on it's face ie it has been putting sell pressure on LOI just to save the situation. There are a lot of "p... off" Lundin investors in Sweden who are wondering about Matteus action. There are buyer's at all levels so there are lot's of folk picking up a real bargain. I would just forget the stock for the moment. If you have the cash buy some more at this silly level. Otherwise head for the beach on this one.

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