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Non-Tech : Sungold Gaming International (SGGNF) -- Ignore unavailable to you. Want to Upgrade?


To: David Fedorkiw who wrote (4814)4/18/2000 9:09:00 PM
From: Rogue Warrior  Respond to of 5164
 
No, not this time.

However, as unlikely as it may seem, when/if we start rolling again, something will again be hammering this lowly stock. Never thought I'd ever start to believe that short garbage, but I wouldn't rule anything out. The Vancouver crowd didn't just try to stop the stock and make lots in shorting - they tried to kill it with a vengeance I've never seen before. Not even on some of their old mining run-ups/downs have received this kind of attention.

Should the shorts be long gone - common sense says yes. However, Cheeky has posted some of the old ventures and one wonders just how much hatred is in reserve from Vancouver - against SGGNF or its old Directors.

Whenever it starts moving, it gets blasted. And yes, it can't move on hype - a signed deal moving and producing significant revenues is about the only way this thing will get beyond a buck. In any case, the longer we hang in the breeze, the more things can go wrong. The Markets are really unstable and although they probably will recover, fear has overcome greed as in this last blast. That's beyond volatility. There are many in the Market who can be spooked into panic easily.

I'm one of those who has always felt that the '87 crash was engineered. It was time to shake the market and some very powerful people did just that reaping great profits and then moving to the bottom to catch all that newly created cheap blue chip stuff. Only, this time things changed. As the panic spread, even the Institutional types (who should have known better) began dumping into a sliding market. The slide really picked up. The 'Conspiritors' were caught flat-footed and exchanges around the world followed suit as computer trading continued as programmed - sell. As I recall, only the Japanese seemed to be awake in those days -they didn't really know what was going on but it sure looked screwy. Possible solution: close the doors for a few days. It was self-serving but someone had to do something.

It worked and it was a lesson not lost on the Banks who had looked at computer movement of money some years earlier and were really disturbed by what could happen. My understanding is that fixes were quickly installed - very quickly and quietly.

Whatever has happened once can happen again. And we have mutual fund refugees mixed with day traders doing it on margin. And the experts - well, pick one for your favorite theory of where we're headed. In truth, noone knows because we've never been this way before - ever.

Anyway, one man's opinion and hopefully my SI membership is
preserved. And another conspiracy tale was told at the same time.

R.W.