Hi ED......just want to throw in my two cents worth.I don't think Insider Report at Stockhouse is stupid enough to come out with a story like that unless they can cover their butts.I don't think their referring to the LAB situation because thats been going on for awhile.I could be wrong.
Question is why have most of the SVB stocks gone downhill?Well commodities have come down....TSE & NYSE near market top...could be.....1st leg in a bear market...could be .....Asian crisis ..could be.But almost all these conditions existed last winter during Donners great run to $3.00.Check out the volume.
Dec.97 = 20,943934
Jan.98 = 5,290559
Feb.98 = 5,335287
Mar.98 = 4,190755
Apr.98 = 4,130175
Total = 39,890710
During that time Donner came out with 29 approx. NR of various forms (company news,option announcements,aquisitions).Also "IN THE NEWS" announcements were made by other sources.So the stock went from $0.75 to $3.00.Then the drilling began.
May 98 = 5,431635
Jun.98 = 6,008087
Total =11,439722
During this time I believe the only NR we want to hear is drilling results and consistent (at least bi-weekly) updates.Like how many holes they drilled, who's property their on, what all the technical info. is telling them... just in layman's terms.Maybe I'm asking to much afterall I'm just a shareholder.
Instead on May 14 Harvey Keats says we got nothing so far......no kidding just started.......June 12 Harvey says we're into it by 17% draws up a little summary and not much more.
Result is the stock is $0.85 and testing the Dec.16 low of $0.81.
Now I'm asking myself is this a pump and dump or what or is Donner and Teck not getting along and disputing with each other about the progress being made.If its the later and word leaks out then I can see why the huge pullback on some stocks.Maybe this might be what Insider Report is alluding to.
The above are my thoughts and opinions.
Thanks Any thoughts and replys are welcome.
LT
PS Sorry this post is kinda long.Having fun though, maybe I,ll pony up to become fulltime. |
