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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: Famularo who wrote (7307)4/28/1999 4:45:00 PM
From: Just Wayne  Read Replies (1) of 7966
 
I would urge caution if one thinks todays trading indicates future strength in this stock over the short term. The news is really only neutral. If the best results on the recent drilling round are similar to K14, that is positive but remember, K14 isn't economic. Todays Ashton $Volume is still only one tenth that of Winspear. Maybe that's a sign where one should really be looking for diamond news in the future (no, I don't own either).
I think, like most news releases of this nature, we can look for a moderate increase on tomorrows opening followed by a lower closing and return to the previous trading range by the end of the week. After all, what additional news is expected in the next few weeks that could maintain this puppy in the forefront of bullish trading?

My thoughts,
Wayne
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