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Gold/Mining/Energy : Pacific Rim Mining PMU.T -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (188)	12/14/2003 1:22:18 AM
From: Bill Jackson	Read Replies (1) \| Respond to of 312

Hank, Yes, there are many sides to this. Often people take their profits and leave for mere profit reasons. On other occasions they have a need for a large amount of cash, for example, if they want to amass a war chest to buy someone largish junior, like Desert Sun Mining or other very interesting prospect, they have to choreograph their sales to give them the cash gradually, in such a way that market price is not depressed by large block sales. So if they feed in 50,000 shares per day, that would sell a million shares every month, so almost two years would be needed to exit. At 100,000 shares per day a little less than a year. 100,000 or even 50,000 is too much for a fixed rule, but a flexible sales strategy of feeding into rallies could give an average something like that. Then of course, they could always do some negotiated block crosses for large blocks at days end. Funds that want blocks do not want to bid it up as they get a position, so both are happy. As for above current levels, the stuff of dreams, and hopes, and it may well happen that way. Bill