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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Scott Wheeler who wrote (11620)10/7/1999 4:37:00 PM
From: Ed Fishbaine  Read Replies (3) of 14226
 
Scoot

For what its worth this is my speculation

For every one of the bitter haters like Mazz and Perkins( one wonders y they hang around) there are probably 5-10-20 who knows, investors who are throughly disgusted with GPGI and all the desert dirts. They probably don't follow this thread and they probably do not follow news releases. If they do they dont believe them just like Mazz and Perk. So they are determined to get out no matter what. Any blip in the price activates their limit orders.

I seriously doubt that there is a conspiracy to pump and dump I know Les Reid and he is not the kind of guy who could be induced to play this game. You have essentially exhaustion on the part of some holders of large positions who do not want to hear anything good or bad. They just want out. They have capital gains from internet stocks and need the GPGI losses. The failure of all the desert sands, so far, has sold them the conviction that the industry if not necesarily fraudulent, is completely unripe.

Its simple IMO and to me it suggests that the buyers are more accurate than the sellers.

Ed
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