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Gold/Mining/Energy : Microforum (MCF:TSE)

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To: swot who wrote (2042)	5/12/1999 4:17:00 PM
From: Mitch	Read Replies (4) of 3896

Hi Marty: According to what I saw, the price range for most of the day held between 8.30 and 8.40 with only occasional forays to 8.25 and 8.45. I simply don't believe that this was the open and unfettered market at work. Somebody ("those people" - whoever they may be) were feeding shares into the market to hold down the price. On the news we had this week, the price should have taken off. I am probably dead wrong about this for the simple reason that I can't think of the reason why "those people" would be doing that. The same suggestion could be made about TVL, where the feeding in of the shares in large chunks of 10,000 continued all afternoon in spite of good news earlier this week. M.

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