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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?


To: Bid daddy who wrote (1616)1/24/2000 11:40:00 PM
From: Keith Minler  Read Replies (1) | Respond to of 1996
 
Hey Big Daddy, I can't see how keeping such a tight lid on would help distribution. Anyone looking to buy would figure with that much stock overhanging the price it is bound to come down.

I know that traders sometimes like to box a hot stock in and churn between a high and low level, then lift the lid off and blow out the shares in the ensuing rise. I think that we do not have enough volume or buying pressure for that to work here.

That is why I posted the question to the chief, his day- trading expertise would be useful here.

In the long term it probably doesn't matter, end result be the same, only take longer.

Later

Keith

P.S. Don't know why anyone would want to distribute stock now anyway. As near as I can tell it is a free ride until drill results come in.