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Microcap & Penny Stocks : STAX -----> Stelax Industries - A real gem. -- Ignore unavailable to you. Want to Upgrade?

To: snake who wrote (516)	2/16/1998 10:14:00 PM
From: River Rat	Respond to of 1112

Dreyfus Aggressive Growth Fund annual report of Aug 31, 1997 as audited by Ernst & Young and with Michael L Schonberg as portfolio manager shows a holding of 602,500 shares of STELAX. I do not know when the shares were acquired or at what price. This represents a small investment for a fund of $ 128 million. There are about 23 other holdings of less value and 39 holdings of greater value. I do not know if there has been additional acquisitions of STELAX. Nevertheless for a fund that invests based on above average earnings growth over 12-18 months acquisition this must be viewed as a positive. Personally, I plan to begin the accumulation phase of investment with larger acquisitions as long as less than 1.00 in price. This should easily reach 4 to 5 over the next 2 years and perhaps higher if the road construction program in the US is funded by congress.