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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (445)	8/15/1999 1:00:00 PM
From: TideGlider	Respond to of 2392

Please read GaBards posts for this weekend...also a friend joined to explain further...then if you can't find it I will go back for you.

To: Richard Mazzarella who wrote (445)	8/15/1999 10:22:00 PM
From: Ga Bard	Read Replies (2) \| Respond to of 2392

Richard, here is my take on this stock and why … Prior to June 4, 1999 over the course of March, June and July the stock rose from $1.75 to $7.81. Normal trading was going happening and nothing I can see that would make an alert. This stock was being touted and spammed by a Tim M and then a Gold Advisor later. Are they the same people? I do not know but it appears they are one in the same. Writing styles and information are almost identical. Then… On June 4, 1999 the stock took a dive on a mere 120,000 shares it went from 7.51 to as low as 1.75 and closed around 4.25. Now it was later discovered this Tim M guy did an exchange of stock with a larger investor of ORXX and apparently sold into his own hype. It was then discovered this same guy apparently shorted the stock. Was there a pump and dump here … probably and it has the classic pump and dump trading log to it also. Remember in most of these “Pump and Dumps” when it is not the company, generally is later found out to be a person with a spamming e-mail, spamming the different boards and internet site focused on stocks. Tim M was posting like a madman for a week from 3/21/99 to 3/2899 then goes silent. The price of Orex went from 1.75 to 5.13 but it held. This I believe was the pump to go to Orex and cut a deal. My opinion is when a deal like this is planned the pumper accumulates a large position. However, Orex made no deal and instead put this guy in touch with a large shareholder and an exchange of stock was done. I do not know the time frame of all this. Now once the stock is successfully exchanges in late June but the stock was trading around $4.00. Please note: the trading of the stock had gone as high as 7.81 from 1.75 and settled in around 4.00 … doing Bard math 1.75 to 7.81 is $6.00 and then divide that by 2 = $3.00 added to the starting point makes the floor range 4.75 minus 20% to $3.75. This is all normal in trading of stocks. Nothing unusual here I can see. Anyway, suddenly Tim does not come back but remains silent and Gold Advisor comes up to the plate from 6/24/99 to 7/14/99, which is mighty convenient and has the same information plus more that Tim had been posting to the same threads. Now during this scenario the stock falls to $1.75. Interesting huh. This is what I see as a pump and dump. Could be the large position accumulated plus the exchanged stock was dumped during this 10 day pumping session. Since then it has slowly and methodically fell … Also note the volume has been increasing since 7/23/99 when people began averaging down but the price declined everyday. Until July 29, 1999 when it suddenly gapped up 100% from .34 - .68 and alerted my screen. Now the volume has gone unbelievable … the trading now is directly proportional to the a select group of posters on the RB thread advising people to sell. You should know as well as I anyone selling less than 1.75 has done nothing but lose money. No one could possibly have made a dime. Plus now the threads are cluttered with personal attacks, sell and cut your losses posts, and the classic pump and dump scam opinions of anyone positive on the stock not to mention all the legal touting and you know most of that BS is nothing more than that. JMO GB