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Gold/Mining/Energy : Response Biomedical (V.RBM)
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To: Dick Martin who wrote (349)11/7/2000 12:41:51 PM
From: Rob  Read Replies (1) of 655
 
Hi Dick, I think the light trading is a result of smart buyers realizing that there is likely a little more stock out of Cannacord so they might as well let him come to them - just as you and many of us are doing:)

Re: RBC Dominion. I'm very uncertain. On Nov. 1 there were a couple DS offers put in but I'm not entirely sure they were the fund we've been discussing or just a coincidence - e.g. smaller investors using Action Direct. I say uncertain because there was a gap during most of the morning where there was no offer from DS - a change from every other trading day in the prior two months. However, IF on Nov. 1. this was "the fund", which I believe still could have 300k or 400k remaining, then I don't think we'll get over $.70 before January without major news. However, as soon as the "Canaccord seller" is finished I would expect it to pop into the $.60 range again.....

higher if "the fund" is also finished.

Another factor is if the company does what it should be doing and gets this stock off the market by directly arranging buyers for these big sellers.

Bottom line... til the end of the year is extremely uncertain. Once tax loss season is over however, a lot of supply comes off the market and I'd expect a good rise, with or without news....and who knows should we get a little bit of mania in biotech sometime (ala last March) then things are good for everyone regardless of news.
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