Phoenix Metals U.S.A. - PMTU Message Board

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Gold/Mining/Energy : Phoenix Metals U.S.A. - PMTU

PMTU 25.63

-1.7%

12:13 PM EST

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To: Chuca Marsh who wrote (15)	9/28/1998 11:46:00 PM
From: banco$	of 80

"Folks want news," absolutely no question about that. Some buyers might have been scooped out of the market by virtue of Phoenix selling section 144 stock direct. That practice seriously harms a thin market, but it does help the company achieve its goals. Don't know if PMTU has done this lately though they have in the past; to what extent I do not know. Volume has certainly picked up towards month end without breaking lower support. You might want to use an interactive chart and back up a year or two using weekly/monthly periods for a better perspective. I agree either way that the immediate technical situation has deteriorated. Rumor only is that Phoenix will have a web site running, perhaps in two weeks (repeat - rumor only). The web site should remedy investor relations problems if information is substantive and the site properly maintained.

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