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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: VAUGHN who wrote (2902)1/12/1998 9:01:00 PM
From: Buckey  Read Replies (1) of 11676
 
NO; Thank you for the optimism. I continue to learn much about this game of the "junior stock plays" I have researched many of these companies - not in depth. Donner seems to have more on the go than many others with close to the same market cap.

Frank; I way past trying to figure anything out here. I have actually aalmost been completely out of the stock for one and two day periods (albeit nailbiting periods) only to buy back in at lower prices. Happy with my position and price movement since Mid december.

Gut tells me that this mini run was confined to a few closed lipped individuals. It was late and was not really that much volume but they really wanted the stock today. Otherwise, if they were just accumlating they could let new offers hit in the mid one thirties and pick them off over a couple of days. These buyers wre willing to hit the offers and continue to do so from $1.32 up to $1.48. There was a notion of impatience here.

Why not wait? It has been between $1.20 and $1.35 for a few days now. If nothing is up you could have easily picked some up in the high 120s or low to mid one thirties.

Another thought is that the profit takers from the buying in the dollar range and below are done selling leaving few people willing to sell at a loss especially at this time of year. Simple supply demand as always. Less sellers more buyers drives the price up. That is why it is called a market.
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