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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?


To: Ed Pakstas who wrote (2693)6/30/1999 3:44:00 PM
From: keith massey  Read Replies (3) | Respond to of 36688
 
AAD...

This is a hell of a lot of buying/selling for no movement. In the past 5 days Midland is up 400,000 and Wolverton is up 370,000 with no sales from both. Both are hitting the offer to get their shares. 14 houses are net buyers and only Canaccord is a net seller. Canaccord has now sold net 1,000,000 shares in 5 days.

I still don't see any retail buying. I'm not sure what is going to happen when Canaccord runs out of shares but this is some interesting action going on for a stock with no news out for 2 months. In my experience it is rare to see only one house as a net seller on this type of volume...when I have seen this in the past the stock usually ends up running shortly after. If Canaccord knew something bad about the stock they wouldn't dump shares like this...they would get busted quick for inside info. In for 10K at .46 (using Greenline today) but might grab some more if it can break .50 and the market depth clears up. I'm out for a loss if it breaks .38.

Best Regards
KEITH