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Gold/Mining/Energy : ARIMETCO INT'L (ARX ON TSE)
ARX 15.43+0.6%3:59 PM EST
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To: John Reid who wrote (16)1/1/1997 2:01:00 PM
From: Jay Anderson   of 80
 
First Marathon put a buy hold on the stock when it was around $1.30. Now it is around $.65 and they have changed their rating to market underperformer. This looks strange to me as except for the copper scandal the company's fundamentals don't seem to have changed much. I have also heard that one brokerage firm has been handling the majority of sales of ARX in the past year. Is this just rumour? Hopefully tax loss selling accounted for the low prices recently and the January effect will help take ARX higher.
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