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Gold/Mining/Energy : Microforum (MCF:TSE)

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To: Rocket Red who wrote (1016)	4/14/1999 9:16:00 PM
From: StockPro	Read Replies (1) of 3896

Yesterday I said ... "I doubt that any news the company puts out (short of an announcement that they have applied for a NASDAQ listing) can get it to $3 near term." And todays market action just proves my point, in my opinion. Today's news release about MCF's deal with the National Bank is big, big news. But what did the stock do? It's down 5¢ from yesterday on significant volume. Meanwhile IWM touched $1.94 today before closing at $1.85, a gain of 5¢. IWM is now only 50¢ behind MCF, and I'm convinced that IWM will close on the "sunny side" of $2 tomorrow. Look at the volume for IWM today -- that's the most in a single day since March 3rd. Tomorrow should be quite a day. Still very very long on both! It should be an interesting race. Good luck to all.

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