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Gold/Mining/Energy : 2oz au multiples,6.4oz au highs,again,again,again QIX !

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To: James R. who wrote (21)5/13/1997 11:03:00 AM
From: mike timoranszky   of 23
 
a number of posts indicate trouble with respect to qix but nothing possitive or revealling , if anyone knows of anyreason that this co is a poor investment then please share it with us ,

thanks in advance

mikey

personally i think that the drop in share price on good volume was a result of insider sales into the interest that was generated by the good news release but i have no evidence and it is only my personnal opinion , given the excellent results and volume i can not conclude otherwise ,

insiders who recieve shares in bulk agment their income with the sales of theses shares and knowing that the company is going to be around as a viable co. and they will be recieving shares on a regular bases they don`t care about the immediate share price , they just sell their daily alotment of shares and thats all there is to it , many ,many co.s that have good prospective futures suffer the same fate , tremendus interest from retail investors who see the future of the co. as being bright invest and just sit an look on spell bound as the news releases priase their insight by reporting the great results and yet the share price just doesn`t want to climb , great volume but sellers are accepting the bids and not only is there no increase but over time there is a decline in share price , yet all the while the descoveries are increasing and the future seems brighter than ever .

after the horrible mess that investors suffered this year i hope that daily reporting of insider sales (and for that matter co.s should provide monthly forcasts (in advance) regarding the intended sales of the insiders , especially to their own share holders ,) are adopted by all exchanges .

cheers

mikey
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