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Gold/Mining/Energy : Hecla Mining(HL)
HL 23.93+5.0%Feb 9 3:59 PM EST

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To: Bobby Yellin who wrote (15)8/11/1996 12:07:00 PM
From: James F. Hopkins   of 629
 
HI Bobby: RE I saw two huge blocks go into BMG...I think that will give the stock a lot of support...used up a lot of sellers..
Yep for every real trade there is a seller for every buyer,
sometimes you have to question the volume.."parking" or shadow
volume has been known to happen..it's against the law and sometimes they get caught, but they still do it..so u have to be on the look
out..I haven't been tracking BMG..so I can't say any thing about thoes
huge blocks..but wonder as much about the selling as I would the
buying..as nothing really goes just "INTO" with out some "OUTOF"
unless there is some SEC filings..check Edgar, I'v seen some
crazy stuff , like insiders exersizing optins to buy..from the
Co..and doing it because they had rights to buy at a certain price, sometimes they use thoes rights to load up below market value
at any rate, the why of huge blocks needs to be checked out..
before you give it to much credit..one way or another.
jim
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