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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals) -- Ignore unavailable to you. Want to Upgrade?


To: Madeleine Harrison who wrote (1507)5/16/1998 10:20:00 PM
From: David W  Read Replies (2) | Respond to of 1757
 
What is the symbol for arconenergy?



To: Madeleine Harrison who wrote (1507)5/16/1998 11:01:00 PM
From: Kurt N  Respond to of 1757
 
Interest on the preferred has always been there, most defintly increased of late. I attribute it to more and more new investors (some from the Oil&Gasoline industry) discovering Arcon and it's potential.

The available choices are preferred, common, and the warrants. The preferred converts into 35 shares of common in Sept/Oct 1998. Warrants can be excercised into common for $1/share. Lots of accumulation in all 3 has been occuring the past few weeks and especially on Fridays.

The reason the preferred is so popular/attractive is that it currently provides the lowest AMSC (average mean share cost) of the three. Although you can't go wrong with all three (IMO), at least that's what I did. My most recent purchases have been in the preferred.

Kurt



To: Madeleine Harrison who wrote (1507)5/16/1998 11:07:00 PM
From: Ga Bard  Read Replies (2) | Respond to of 1757
 
Madeline if you go look at the trading logs you will discover that Fridays are the best days for this stock because investors have been and will continue to accumulat on Fridays with their profits form trading during the week.

As the accumulation gets more and more active you can expect a solid and I mean solid foundation of investors holding this puppy. Also if you noticed whenever the P is accumulated the warrants suddenly start up and so does the common but not as much.

The P is a 35 shares of common at an AMSC of .42 now the P is valued at $22.75 with the common trading at .65. Slowly this stock is being accumulated and I accumulate all my longs on Friday and more and more people are doing that because the day traders and such hate holding stock they are unsure over the weekend.

hope this helps

GB