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To: loantech who wrote (1909)8/22/2001 11:11:34 PM
From: grusum  Respond to of 4051
 
I read somewhere on SI, that they expect the price to drop after a PP. Al said he expects the price to go up and so do i, but more knowledgeable people than i, had said they expect the price to go down first.

I hope Al answers you, i just thought i'd tell you what i heard.



To: loantech who wrote (1909)8/23/2001 2:21:27 AM
From: Al Collard  Read Replies (1) | Respond to of 4051
 
"Al why would yorkton sell if a pp with drilling may make the stock go to new 52 week highs?(ply)"

To hold the price of the stock down to do the PP? A nervous investor bailing? There could be any number of reasons why Yorkton was selling.

I only offered different scenarios at what the stock might do after a PP.

1. A PP without a drill program announcement at the same time and the stock tanks. JMHO

2. At this point the PP scenario is still an IF, but IF it happens, hand in hand with an announced drill program I would think the stock goes to new 52 week highs.

I ask you this. If everyone thought the stock was going to tank why all the buying of Yorkton's shares? For every seller there must be a buyer.

Cheers,
Al