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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA) -- Ignore unavailable to you. Want to Upgrade?

To: Pete Mimmack who wrote (3938)	2/18/1998 2:54:00 PM
From: Keith Utz	Respond to of 7966

Frank and Pete, since ACA is a long term play its hard to imagine that the stock won't be much higher at some point within the next 4 months so I also added to my position @ the 3.70 level. They say buy low..sell high ...right. I haven't been doing that too well lately but I bet we nailed it this time!! Keith

To: Pete Mimmack who wrote (3938)	2/18/1998 3:08:00 PM
From: Famularo	Read Replies (2) \| Respond to of 7966

Someone reminded me over the phone that it may not be the small greenline investor selling. It is possible that Greenline has a huge house position on Ashton and Greenline professional traders have borrowed the stock to sell short. We'll see if his theory is correct. If the traders see the stock moving up, they start buying it back. For example, if a greenline client places a sell order on Ashton, Greenline may need to buy it back to allow them to settle on settlement day and deliver to the buying institution. Not sure if I make sense.... Hope all you folks understand this. We need to fight the bears and I think Ashton has reached a point that it is way too low for a company who is at least 14-16 months ahead of any other speculative exploration company in Alberta. As well, Kaiser latest tracker has Ashton as undervalued...Hmmm..