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Gold/Mining/Energy : International Gold Corp (IGCO)
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To: 6dan who wrote (262)11/6/1998 7:28:00 PM
From: patchman  Read Replies (2) of 405
 
When stock gets converted, either from warrants or Preferred shares, it always increases the float, which mathematically dilutes the share price. How can that signal a run up? CNBC did a piece this afternoon talking about the gold industry. Seems like all the big players are cutting exploration and mining by about 28%. Probably not a good time to shop your new find. I had to laugh when I saw a message from Alertline stating the "shorts" were at it again, two days ago. I can positively state it was not the shorts selling at least half those shares. Anyway, I'm out and glad of it. If I miss the ride into the teens as predicted, I'll be back to congratulate you all.
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