Avenor (avr-tse) - Repap buyout (rpp-tse) Message Board

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Gold/Mining/Energy : Avenor (avr-tse) - Repap buyout (rpp-tse)

AVR 4.140

-1.7%

11:40 AM EST

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To: wesley vandenhazel who wrote ()	2/24/1997 2:36:00 PM
From: Guy Paquin	of 290

To all: (correction) As per Saturday's Globe & Mail, Repap's short position stands at 2.461 Million shares. To me, it means that if the price strenghtens these guys will have to cover and it's good news. If the price goes down any further, they'll take their profits and help the price to go back up. All in all, I think the price will trade in a range close to the actual price until something happens. Also today, in the Globe again, an analyst sees Repap at $3.50 in twelve month. I think it'll do better and faster because of the current wave of buying in cyclicals. Any comment on that ? Guy

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