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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (2484)	10/4/2001 12:18:59 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 4051

Wayne, you know me better than that, at least I thought you did. I wasn't lecturing. I save that didatic tactic for my non-friendlies...you are definitely a friendly. Sorry if you thought I was lecturing. Your reply just now is superbly illustrative of my point. Marketmakers ARE insiders and are legal insiders and are allowed by SEC regs to operate, trading wise on the inside information they receive to either buy or sell. The "someone" to which you refer taking your weeks and weeks standing offer 2c under the bid WAS a marketmaker accumulating shares in order to be ready for pop on the news. That is what they are supposed to do. That is their job description. That is their fiduciary responsibility in a marketmaker system. Stocks are NOT an open outcry system as in commodity pits, nor are they arms-length individuals/firms. They are insiders, and as such they MUST do exactly what you described prior to the big news event OR lose their marketmaker privileges and face legal action from the firm to whom they have written responsibiliy to legally make liquid markets for. It's understandable and human that you want to know what they knew when they know it, but that is not going to happen, fiduciarily. I was only trying to further your understanding of what you think I was labelling as "good business" which I did say, but I meant it in the way I've further elucidated up above. I do hope this post better states what I was trying to say and obviously failed to communicate the first time. I wouldn't offend you for the world! FWIW, I like you and always have. And if you need my phone number again, since it has been quite a spell since we chatted it up, feel free to ask anytime. You'll get it. gold_tutor