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


To: Ga Bard who wrote (1790)9/19/1999 5:24:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 2392
 
instead of chasing ghosts, like Laser, Tim Hall and Tideglider, why don't you look at the assets of the company and decide what is it worth, is the company worth $.10 a share (I personally doubt it)? the rise above $1 surely was an unusual imbalance and the MM shorting for lack of supply, as soon as some supply came in the MM's lowered the boom. From there, I would say that the increase in the total number od outstanding shares (and an imbalance between buyers and sellers) have done the job.

I happen to own a sorrow story called GRNO. This stock has traded for a year or more in the 1/16 bid 1/18 or so ask, suddenly on less than some 50,000 shares in the last two weeks the stock got to $.75 bid $.875 ask, simply, the MM did not have any inventory and had to short at rapidly increasing prices (a normal practice when they have no inventory). If the story pan out, it could go much higher, but as soon as the buying will dry it will be managed down to allow the MM to cover its short until it reaches what the market perceives as fair value (balance between sellers and buyers and the MM making money on the insane spread). The same here, you got to determine what value the company represents, deviations up and down are not due to shorters the like of Tim or Tideglider, I doubt that they have a single share short on this. So, Gary why the excess of 10 MM shares? Someone must have printed these shares and sold them. That is your culprit.

Zeev



To: Ga Bard who wrote (1790)9/19/1999 6:02:00 PM
From: TideGlider  Read Replies (1) | Respond to of 2392
 
If you believe all that crap or expect more than a few idiots to buy into it, you are one sick pup!

TG



To: Ga Bard who wrote (1790)9/19/1999 6:08:00 PM
From: TideGlider  Read Replies (1) | Respond to of 2392
 
Message 11296092



To: Ga Bard who wrote (1790)9/19/1999 6:43:00 PM
From: zonkie  Read Replies (1) | Respond to of 2392
 
I didn't read all of your rambling post but I did read enough to see that you have let this little penny stock get to you. I have seen penny stocks drive 2 other people nuts (ztect on TSIG and Pugs on AZNT), but the sad part is that there are some people that want to believe so badly (usually because they are stuck so badly) that they will think you know what you are talking about.

Making crazy posts like you did will only bring you more grief. Take a look at Bob Sims for example.