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Gold/Mining/Energy : GMD RESOURCE
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To: Taz who wrote (937)6/18/1999 5:15:00 PM
From: Richnorth   of 1030
 
Still too early to tell.

The street talk has been that the big-time buyers are waiting for the small fries and the cautious ones to unload, just as I had indcated they would. Whether the btbs would indeed be buying soon or not remains to be seen. Maybe many of them are still going through the ramifications of the press release with a super fine-tooth comb.

Some observers opined that some elements of the old wily GMD mafia were up to their habitual ways of shorting etc to drive the stock down for their own benefit. I don't know how true this is. But I would imagine they would not be as successful this time as they were before.

However, what happened today certainly exemplifies the old market refrain: "Buy on rumours and sell on the news!"

P.S. Some folks told me that TAZ is an acronym for That Amazing Zealot. Zealot for what, may I ask? For something that begins with a capital N????
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