Sungold Gaming International (SGGNF) Message Board

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Non-Tech : Sungold Gaming International (SGGNF)

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To: Robbie Jay who wrote (2339)	7/10/1998 10:08:00 PM
From: c.r. earle	Read Replies (2) of 5164

Robbie, I do not want to be negative but thought I would point out to you something about the trading. The high as you indicated was $2.25. Now I ask you did anyone here actually sell their stock for $2.25. I would venture a no would be the answer, the only ones obtaining that amount would almost surely be the market makers. Have you also noticed that it seems that we quite often have a bid/ ask of 7/8 or 1 to 1 3/8 or 1 1/2 and most of the trades if not all will go through at 7/8 or $1 and then we will have a close of $1.50. How do I know for sure, (well I thought some of the naysayer would challenge me on this so I will be pre-emptive) because I have sold almost all my stock and on days of some my sales have virtually been the only seller and I have never been able to sell at the ask. So how come we seem to close higher. That answer is rather simple. Manipulation. Closing on an uptick. The market makers are having a great time with this stock. So I would not place too much emphasis on where we have apparently traded during the day. I would be more concerned on what most people are able to sell their stock at, and days lows. Regards and best of luck to everyone.

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