Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?

To: Letmebe Frank who wrote (78)	1/22/2002 5:34:03 PM
From: bill	Respond to of 613

I'll have to check in later. At the moment have to get lunch, do some work, then I'll take a look at the numbers. My guess is that given the spike to 80 cents that did not hold is that someone was exercising options and flipping the shares. Still couldn't drive the price under 70 at the end. One of the principles of gaps is that, at some point, they have to be filled. I don'tknow if the price dropped enough to fill the gap. If it did and then came up, we should have a good base. I'll check. I think it was LF who said that there was a lot of overhang at 80 cents. It could be that rather than options being exercised. Because I haven't followed the stock over a long period of time, I don't know. The chart indicates that there were a lot of buyers around 80 cents at some time in the past. It would be usual for many of them to sell when the stock rebounds. They'll go away saying Whew!, I got my money back. All that stock would need to be absorbed before breaking through the overhang. They'll put getting their money back ahead of their original goal of making a profit.