RIOSUN--TRIPLED SINCE DEC 1st Message Board

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Gold/Mining/Energy : RIOSUN--TRIPLED SINCE DEC 1st

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To: patakin who wrote (149)	4/9/1998 3:29:00 PM
From: Jeff Hackett	Read Replies (1) of 208

I spoke to Ken Hughes this afternoon. He told me that they're preparing a statement for next week and that he can't comment if it is good or bad news. He also said that the statement that some news would be released has not been widely diseminated. This on its own is fair enough. However, I noticed today that the stock has traded over 0.40 and that the volume was 69,700 last time I looked. Since the president is just back and the volume is up that high with an increased share price for a stock that has, overall, been a huge disappointment so far, one has to wonder who's buying and why. One may suspect that, either some speculators are trying to prompt a run out of the stock on the fact that the president is back, someone's been talking before the announcement or insiders are buying. I don't know which and unfortunately this stock has left me poor enough and 'gun-shy' enough to stand on the side-lines and wait for a decent interpretation of the news when(if) it comes out next week. What's your impression of the sudden increase in price and volume?

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