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

To: Bruce A. Thompson who wrote (12087)	10/29/1999 12:12:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 14226

Bruce, <<dead cat here>> I don't think so. I think the selling to fund the plant is complete. I had expected support at ~$0.08, the fund raising did lots of damage to this stock. The buying burst at the end of the day yesterday could have come from two sources. One could be those that saw the run and needed to climb on board (some always buy at tops) and the other could be the FEW shorts that covered. Today's volume for the selling suggests to me it's just smart traders that bought at ~$0.045-0.05 taking some profit as they saw the upward momentum fail. IMO if there were any shorts still left this morning I would have expected a gap up, that didn't occur and it confirms my, "it ain't shorts". The stock will probably continue to trade here ($0.08-$0.10) until information comes from the company about the process and/or plant. It's ironic that the company is in a position to help its stock by disseminating information, but can't even do that right. IMO Jensen is useless. Also, there is still an outside chance that Global may need more money for pickup truck or two and sell off another 5MM shares. <VBG>