Golden Eagle Int. (MYNG) Message Board

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Gold/Mining/Energy : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

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To: mike timoranszky who wrote (40)	2/15/1997 7:57:00 PM
From: Douglas Lapp	of 34075

Mike, The wild price swing imo is indicative of wholesalers shorting. This is traditionaly what happens when the volume increases.Take a look at sept.20th,1996 for example,the opening price was .23,after early morning trading the price rose to .68,then it happened, mine closed the day at .31 and traded 900,000 shares for the day.What,all of a sudden the profit takers are on board? I know of many traders who bought during this downward slide, but the slide continued.It's only my opinion. The total count of 171 million ounces was given to me by Golden Eagle. Call them for verification. Doug

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