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Gold/Mining/Energy : Millstream Mines (MLSM) -- Ignore unavailable to you. Want to Upgrade?

To: hugh thorne who wrote (529)	11/26/1999 11:14:00 AM
From: Morag	Read Replies (1) \| Respond to of 664

Hugh - What you are saying makes sense - My take on this is similar to yours but I would add the following reasons. The question I keep coming back to is the fact that despite all this volume the price is not dipping too far at all. Here's my theory - I can almost pick out the new people to MLSM - they buy in smaller blocks and the price usually goes up 1-3 cents before settling down to the deals being done by "tax sellers/buyers". These new buyers are accumulating on the great news rumor (a friend of a friend - a contact close to the company etc.)anticipating a mid-December announcement. It could be that, in addition to the flow through you have mentioned there is straight tax loss selling happening in a big way. All- flow through, tax loss, rumors of a big find have combined to produce the volume we are seeing - even outpacing some of my other holdings which I consider to be pretty liquid stocks. As I understand it, once you sell a stock for a tax loss you can't get back in until 30 days after the sell - or you lose your tax advantage. Using this theory as a starting point, I don't think we will see the bigger jump in price until about the last week of December or the first week of January. These "tax sellers" will have had their 30 days, post their tax loss and then can get back in and ride the wave up based on the NR into the new year. I guess this would mean that the NR won't come out until just before or just after Christmas - the timing seems to fit. Coincidence? Or paranoia? Maybe I am getting too jaded, but I have been holding for almost 2 years and have seen enough to believe just about anything. Hoping to catch the wave... Regards Morag