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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Scott Wheeler who wrote (11620)	10/7/1999 4:23:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 14226

Scott, if I was a conspiracy fan, I would have come up with a story that goes more or less like that: Someone close top the table, wanted to unload a bunch of stock, like, let say 6 MM shares or so, so, they contact two well known "promoters" and they write their usual glowing reports. This is immediately followed by a news release saying "it is today, it is today", to support the rally (to $.18) and sell into this rally as many shares as the traffic will bear. Then few weeks letter, the promoters probably will reiterate (how about a "last chance to get on board") their buy and that is followed by even more positive releases (today is really today, and we for sure are going to within three weeks have a plant on site), thus allowing for sales of shares to those that missed buying at $.18 at $.12, on top of that, we always have our friendly existing shareholders averaging down etc. But, I am not a conspiracy fan, so I have to admit to complete inability to explain who was selling all these shares and who was buying and how come the selling and buying was so well balanced that the stock actually went nowhere. Thus, I just follow the turnips, and despite the "glowing FA", I am flat since the TA stinks. Zeev

To: Scott Wheeler who wrote (11620)	10/7/1999 4:37:00 PM
From: Ed Fishbaine	Read Replies (3) \| Respond to of 14226

Scoot For what its worth this is my speculation For every one of the bitter haters like Mazz and Perkins( one wonders y they hang around) there are probably 5-10-20 who knows, investors who are throughly disgusted with GPGI and all the desert dirts. They probably don't follow this thread and they probably do not follow news releases. If they do they dont believe them just like Mazz and Perk. So they are determined to get out no matter what. Any blip in the price activates their limit orders. I seriously doubt that there is a conspiracy to pump and dump I know Les Reid and he is not the kind of guy who could be induced to play this game. You have essentially exhaustion on the part of some holders of large positions who do not want to hear anything good or bad. They just want out. They have capital gains from internet stocks and need the GPGI losses. The failure of all the desert sands, so far, has sold them the conviction that the industry if not necesarily fraudulent, is completely unripe. Its simple IMO and to me it suggests that the buyers are more accurate than the sellers. Ed