Donner Minerals (DML.V) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Donner Minerals (DML.V)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Buckey who wrote (9245)	11/14/1998 3:41:00 PM
From: John Fairchild	Read Replies (2) of 11676

Well, after 6 days of steady decline in the price, DML stock finally appears ready to turn around. It is interesting to note that Union was the biggest net seller from Oct 1 to Oct 29 (the day before the runup). They bought 170k @ .30 and sold 684k @ .31. Of course they sold a ton on the big day but since then have been a net buyer at 431k. In the last 6 days of steady price decline they have led the buying 3 to 1 over any other house at an average price of .37 with none sold. Last week when I looked at the buying on the big day it was quite apparent that Union led the way heading into the runup. Whether their intent was to help create the runup then take advantage and sell into it you can never know. However why they would have been such a huge seller the month before at .31 does not make much sense to me if they were positioning for the runup. Anyways when I tracked their trading since the PP it appears they are in a positive stock position without having exercised the warrants. I made that check last week but never recorded the numbers so it is worth a re-check. One other interesting observation is that when checking Union's monthly trading numbers back to July they have made money every month in active trading. That is, in any one month their average sell prices have been higher than their buy price. My conclusion is that Union trading habits are worth keeping track of. Whether they are privy to inside information or are insiders? If they are on the inside and buying it looks positive after having gone through so much selling last month at the lowest prices in the last three years. These numbers could be totally out to lunch by jitney trades? In which case the selling out of Union in Oct could have been an effort to drive the price down but I have my doubts. My thoughts are that Union may have just been trying to recover the PP money then came the inside news Oct 30. Now they are buying again! But what the 'ell do I know except that I am holding for the next runup. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next