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Gold/Mining/Energy : Millstream Mines (MLSM)
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To: Just G who wrote (96)6/8/1999 9:43:00 AM
From: Brumell  Read Replies (1) of 664
 
I've never agreed with the saying, the market always knows. If it did, there would be no market as everything was already known. In my book the market simply reflects the collected wisdom or ignorance of the players involved - nothing more.

Regarding MLSM, there could be any number of reasons for yesterday's trading. Possibly there were some warrants or options exercised. I don't know. Possibly someone had a note called or a dealer had excess inventory or someone's spouse is making threats - the list goes on.

What we do know is what we don't know. Because of OTC trading, we can't tell if most selling was from one house. We also know that for the last 10 days or so, there has been some selling pressure. To me, that represents a buying opportunity. However, I may be a fool. To others it may cause fear and increase selling pressure. Either action could be right. Hopefully we'll soon know.

Bob

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