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Gold/Mining/Energy : Tracer Petroleum (TCXXF)
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To: Hunter Trout who wrote (931)1/24/1999 8:42:00 PM
From: Jim Daly  Read Replies (1) of 1261
 
My guess is that someone is bidding up the stock because they don't want to lose that NASDAQ listing. Something tells me that the company has loosed up enough capital to buy their own stock.

This would be a good thing if Tracer was working from a profit.But. If this is what is happening then they are spending precious resources on supporting a stock price. Why? I question that tactic.

On the other hand. The reduced float will increase the shareholders value. Hmmm. Neeed Mooorre Dattaa...(beep)EOM

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