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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (1246)	5/28/1998 10:30:00 AM
From: Jay Lowe	Read Replies (3) \| Respond to of 4142

Reasons for the common to decline today ... 1. new demand moves from common to warrants and preferred 2. common is sold to acquire warrants 3. common is shorted against warrants by MMs and others 4. news is getting "older" 5. end-of-month manuever at brokerage houses 6. day traders move on 7. MMs do not all have the dividend/warrant information yet So folks, don't be put off by a decline in the common ... this is a natural function of the market under these conditions ... conditions which will balance out and/or reverse in the weeks ahead. The "value" pf your investment has not changed, only the market perception of the value. The true value is being affected in the Exxon test labs, etc, etc ... so wait for that news.