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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: SwampDogg who wrote (2124)3/22/1999 7:38:00 PM
From: 4TNiner  Read Replies (2) of 5821
 
If there was a major leak why did we see the ask price go to $3.20+ on the morning of the trade halt.It would seem that the most believed rumor was that an excellent result was forthcoming. Things only began to slide after those results were released and have done so for the last four trading days. Now if a rumor was started that the next holes were going to be huge I think the price would naturally go up until such time as this was proven true or false. One thing that the pro and con NWI geologists are in agreement on is that the number of holes drilled so far do not make a mine nor deny a mine. I gather more investors sophisticated than I are making a killing on this stock. It would suit no one to see it fall to far, 1) because it could kill the area and NWI play thus all the recent stock trading activity, 2) it is far to premature to conclude that the area cannot support a viable mine, 3) there does not appear to be anything better on the horizon and 4) I paid more than the current selling price. I am not naive enough not to believe that some people get info sooner than others but all in all I think that this one has reasonable security.
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