Black Sea Energy (BSX) Message Board

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Gold/Mining/Energy : Black Sea Energy (BSX)

BSX 98.17

+1.3%

3:18 PM EST

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To: keith massey who wrote ()	8/5/1998 8:19:00 PM
From: keith massey	Read Replies (1) of 180

Almost all of the selling during the past two months has come form one house (81 Gorden). They have sold more than 6 million shares during the past month and have only bought 250,000. They have managed to drive the price of this stock from 1.20 two months ago to the current price today. Every other house has been a large net buyer during the past couple of months. As soon as Gorden runs out of shares this stock should recover back to normal levels. I ask Barry Harrison (ex. pres.) yesterday why he thought Gorden was dumping. I was told that Gorden was one of the underwriters of stock last year during the IPO and get redemptions for their stock. Best Regards KEITH

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