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Gold/Mining/Energy : DIAMONDWORKS DMW.v

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To: Rick Wyatt who wrote (237)	1/30/1999 7:15:00 PM
From: Wizzer	Read Replies (1) of 413

Rick a lot of times, when a stock is halted by the Exchange or OSC it is due to unusual volume and price increase. The exchange will call the company and find out what is going on and/or simply halt the stock because it is moving up too fast on no news. This often leads to a NO MATERIAL CHANGE release (often false) and basically the company saying that nothing is going on, but sometimes a company releases something earlier than they expected to because the info. "leaked". On the other hand, a stock halted by a company gets a release but a stock can still be halted by a company to release a NO MATERIAL change. Usually the exchange recommends that the company do so, and the company complies in most cases. Funny thing is that when a stock tanks, the exchange rarely steps in. The reason I believe they halt a rapidly rising stock (I am speculating here on circumstantial evidence) is that I believe since the brokerages control the exchanges, they don't wish to "miss the boat" on a stock that is moving upwards before they can "play". Hope this helps, and doesn't add to the confusion. Just an opinion. Regards, Wisam

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