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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: Mike Gold who wrote (15827)6/21/1999 12:05:00 PM
From: Richard S. Gates  Read Replies (1) of 25548
 
Mike:

I would like to know your opinion as to why people continue to sell the stock at these low levels. I can see why someone would sell at a higher price and trade the stock, but to sell at these levels doesn't seem like a good plan. This is not new and I'm sure that it is not all short selling, it just seems like people getting out at low levels. The news has been good, even the optimistic forecast like the one on Friday which needs to be substantiated with drilling, but still the selling goes on at cheap prices.

I've been told that there are a number of reasons why people sell, like raising money for other needs, etc., and don't try to figure it out, but the thought still haunts me why do they sell at these levels?

Maybe you could shed a little light on this!

The Gipper
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