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

To: Blue who wrote (5245)	5/28/1998 12:41:00 PM
From: JP	Read Replies (1) \| Respond to of 7966

<<What needs to happen (in all of these plays) is for someone (insiders or the public or both, I don't care) to buy the stock!>> I think you are wrong John. ACA requires Mutual Fund managers to buy the stock. Unfortunately they do not buy spec stocks at early stages like this. When they do come in it will be with a hell of a rush and the stock will run quite well. Mutual Fund managers do not want to get caught sitting with a low volume stock like Ashton until it is a 'close to sure thing' -then they will happily jump in at $20 bucks and sell at $26. They don't want to give up their other stocks such as communications and banks just yet. The other problem is that so many of these funds are indexed to the top TSE 100 or 200 stocks -so until you get up into those groups it is very difficult. This is why when it goes it will be big -but it won't go until the bulk samples are close to being released -in the interm the swings on the juniors are more predictable and percentage wise quite good. JP