Geodex Resources - GXM.V (was Agate Bay ABE) Message Board

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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)

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To: Baywall who wrote (177)	10/23/1998 12:45:00 PM
From: Baywall	Read Replies (1) of 210

The people have spoken with their silence. The purchases I assume, were based on speculation, as no news of property acquisition was made nor is any forthcoming for now. The company is relocating to other premises to cut down on expenses. OBV technical analysis remains neutral despite others showing otherwise. This, in my interpretation, casts doubt over the reliability of the other indicators. Thus taking up positions at this time is questionable. There may be cycle players involved who believe that copper prices, etc. will increase and financing then, more easily obtainable. In addition, the high expectations held for Mr. Marr and staff, may have led some to speculate on the stock's future price. Cycle players were probably involved Aug23-Oct2/96 as most of the action occurred before the news release of Oct3. In hindsight, the selling was near the market top. The first person on this thread came in after the news, but by then, well... The private placement in May was sold off Sept. 16, buried in the distribution of stock. With no support and news I will sign off. LVL

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