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Gold/Mining/Energy : Francisco Gold - FGX.V -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (826)	5/13/2000 7:57:00 PM
From: Nexus	Read Replies (2) \| Respond to of 1907

<<The fact is that, despite technicals that are not yet bullish, FGX cannot move to $2-$3 because of the fundamentals that you know.>> Cannot is a strong word. If you told an FGX investor a couple of years ago that his $36 stock would be worth less than 15% it's value today, he would probably have told you that it 'cannot'. You never know, fundamentals change. <<The facts are also that PFG could easily move to $2-3 once the first drill results are published, despite positive intermediate term technical trend.>> Of course it could. As I said, fundamentals change. << Here comes my argument that the intensity (or lack of) promotion and market exposure has a major effect on short term trends. This may cause the stock prices to temporarily be out of synch with the fundamentals.>> I agree that temporarily, there are market distortions but with the access to information and the quick dissimination of it throughout a more and more knowledgeable body of profit-seeking investors, that phenomenon is more and more a short term phenomenon. I don't buy the argument that a stock is undervalued for months at a time in today's market. Nexus.