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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: jimsioi who wrote (26326)1/22/2003 6:04:40 PM
From: jimsioi  Respond to of 36161
 
Iso, cruel day in EENC, today..

For a change I sold at about the right time...yesterday at the close...nasty reversal today...tried to repurchase at $7.60 but was too late getting around to placing the order. Suppose we've seen the best days for EENC....??

stockcharts.com[h,a]dbcayiay[db][pc50!c20!i!f][vc60][iut!Ll14!Lp14,3,3!Lg!Lb14!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G



To: jimsioi who wrote (26326)1/22/2003 6:11:07 PM
From: Roebear  Read Replies (1) | Respond to of 36161
 
jims101,
I have heard that the shares are already out there today and also that half were today and half tomorrow.

I have myself really have no idea and if anyone does, I would be glad if they let us know.

I'm in general agreement on your support levels, if 4.25 doesn't hold then 3.80 or 4 will. My TA says upside is greater on this stock than most other PM stocks at this point, so I don't mind a bit of downside and will likely add again if we see your levels. If we do see those levels that will be from the actions of the ones who brokered the offering, imho.

EDIT
The action of the stock is not much different from others who have made stock offerings such as AEM and NEM (Nem action messed up by acquisition that included hedges).

Just some musing or wishfull thinking here, perhaps part of the deal for cheaply priced HL stock was that the brokerage would not short the H*ll out of it??

Best Regards,
Roebear