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Gold/Mining/Energy : gothic resources
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To: Natedog who wrote (140)12/15/1998 4:24:00 PM
From: Flea  Read Replies (1) of 299
 
Nate,

I've been watching THE very closely as well for a few months now. I first bought at 0.14 and 0.15 only to watch it head down further to 0.10. Jones Gable was not in the market at all during that period. There was only me and maybe a couple of other traders. My only guess would be that whoever has been selling THE through JG has an endless supply of paper. I know they did a rights offering earlier in the year and I suspect that the Gunthers took the whole thing down themselves. Aside from this, countless option paper. I've noticed that they seem to draw the line at 0.20 - anything above that they'll gladly sell. This is just my opinion but I've seen insiders of companies operate this way before. They'll sell their paper at a few cents profit knowing that if they do hit it, they'll just get more paper out...they can't lose...ever!

ps. check out the other stock these same sellers (I suspect) are playing with - T.AEO...same old crap from Jones Gable.
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