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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.000001000-99.0%Jun 3 1:07 PM EST

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To: Hugh M. who wrote (9913)3/10/1999 8:07:00 AM
From: Ken Sammut  Read Replies (1) of 25548
 
Hugh,

I was not kidding. You said "4 million buys and it did not go t 60 cents and you are wondering why."

Obviously not 4 million buys but an equal number of selling and buying yesterday which in my opinion is a good sign.

After Monday's close, everyone was about to have a party believing the stock was going to fly on Tuesday. When it did not happen some probably thought they should protect a little of their profit and sold a percentage of their position. Some traders may have sold their entire position.

The good news to me is that we had enough buyers coming in to hold the stock steady. The market was very efficient yesterday. Once the profit takers are out, the MM's will not hold back the stock. A 4 million share day with a high percentage of buyers will get the stock a lot higher.

Until then, we continue to build a higher and higher base. Hackensack was not built in a day.

Ken
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