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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Famularo who wrote (6121)8/27/1998 10:10:00 PM
From: keith massey  Read Replies (2) of 7966
 
Hey Frank

I wouldn't read to much into the market depth on ACA. Although on the boards there may be no resistance until $2.00 there could be 1000's of seller waiting in left field. To give you an example from one of the stocks I have been following for a while, SCP on the VSE has dropped from .45 to .21 in the past three months on 20,000-80,000 shares a day. The weird thing is that the market depth almost always shows only two or three bids on the ASK. One at the current price, one a few cents higher, and one at $3.00.

It just goes to show you that many sellers (and buyers) are not always on the boards.

Best Regards
KEITH
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