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Gold/Mining/Energy : FASC (First American Scientific Corp)

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To: Lee Bush who wrote (775)5/10/1999 11:59:00 AM
From: Ed Fishbaine  Read Replies (1) of 972
 
Lee

From the trading pattern last week it is pretty certain that there was accumulation going on. Who is accumulating is not known to me. Friday's and today's trading, so far, does not indicate that there was a pump and dump operation but more likely a halt in the buying to see what can be dragged out at this level.

Bear in mind that the fundamentals on FASC are quite extraordinary with the rubber machine being brought up to commercial production level in Ireland. Perhaps they are getting close over there. Also any of the several other applications of the machine could come to life at any time. In my view a smart outfit or individual could do a lot worse with his money than getting heavy in to this company.

Regards, Ed
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