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Gold/Mining/Energy : KASTEN CHASE APPLIED RESEARCH. -- Ignore unavailable to you. Want to Upgrade?

To: fish who wrote (642)	4/3/1999 2:15:00 PM
From: Mike Hilliard	Read Replies (3) \| Respond to of 1247

i don't know about everyones' optimism out there. No announcements can be directly tied to the sudden upswing seen in share price, and this has happened before, within the last year I believe. i know that .95 is a 52w high, but it recently has been up as high as +.80. The one thing that is different is the volume, which is a little reassuring. It's amazing how optimistic everyone can get when a little blip on the screen pops up. Everyone starts dreaming of %300 -%2000 returns, others start crying that they sold at .60 (sorry R.H, couldn't help myself!!). I don't see how this stock can maintain levels above .90 right now. I didn't sell, just because I wasn't watching at the time. My gut feeling though is that it's going to drop down to .60 again before you see $1.25. It's a trend that has been seen before with this stock, and since nothing has changed, it will most likely happen again. I am unaware of any brokerage houses changing their recommendations on KCA, and as J.L said in the press release, nothing new going on. Until I see some news, I wouldn't recommend buying until it drops again. mike