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Gold/Mining/Energy : USA Video Interactive (US:ASE)
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To: Flea who wrote (664)1/6/1998 9:06:00 PM
From: Jim Craig  Read Replies (1) of 1841
 
Hi Everyone,

Just a clip of an explanation of the DROP we are seeing in USA Video and others. This was clipped from the Antares thread and written by John Alan Snape.

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Just thought I would take a moment and try and explain what is happening as far as this type of selling is concerned.

First off, these large institutional investors are realigning their portfolio's. Lowering their overall percentage within the gold sector for example. In other words, instead of 25% weighting in precious metals its now 15%. They are under orders and are only following instructions.

Generally speaking when this is done, it is always following a worthy news release that stirs up activity. This way they remove their position without damaging the company stock position too much.

If we look back to the news release on the 18 MAR 97 you will find which houses did the private placement and then compare it to the recent trading activity and you will note that the majority of trading (selling) is from these houses. They do this methodically and really do not care about the small investor. And yes it should of been completed in December but obviously due to the other houses crowding the board they obviously had to wait until now.

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Perhaps this offers another explanation about some of the action we have been seeing of late.
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