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

To: DIAMOND JIM who wrote (6675)	11/16/1998 4:32:00 PM
From: Famularo	Read Replies (4) \| Respond to of 7966

Ashton is experiencing a very strong support, todays close above $2.00 continues to be a strong sign. With the exception of Friday, which someone sold 2000 shares at the close and caused the stock to close at $1.99 but still managed to retain a 5000 buy bid order at $2.00, Ashton stock has been over $2.00 since Nov 9th, 1998. The current support is based on a few, who are speculating that the K14 results will be impressive. I expect a breakout on Ashton within the next few trading sessions. Look for $2.35 as a key breakout point. With no news and just pure anticipation of results, Ashton has the capabilities of trading higher this week. In my discussion with many investors and a few analysts over the past week, it was noted that not everyone has jumped into the stock. Ashton has had too many disappointments the past 10 months. Confirmation of expected Ashton results, we will see a huge increase in volume forced by all the sideline folks. next week, Nov 23rd seems to be a good target for the K14 news release. I also think K11 will be announced sometimes in mid-late December, which would create an interest in Ashton into 1999. regards Fast Frank