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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?


To: ijre who wrote (10959)10/27/2006 11:11:30 AM
From: goldrush2001  Read Replies (2) | Respond to of 11603
 
To me it appears someone is buying all the shares they can get at .04. There have been a few hundred thousand shares traded at bid (.04) in the past few weeks and the price has not gone down.

Usually when I sell, the share price drops like a brick, but I've been able to sell about 50,000 shares the past couple of days and the bid stays at .04.

Previously, I thought someone had special connections with a MM and was able to buy or sell tons without changing he bid or ask, but now I believe there is a buyer taking all they can get at .04. Just my opinion though.

Does anyone have Level II on MXAM? I cannot get it with my service, but I understand you can get Level II for pink sheet stocks.

I've had a small position in this for several years now and have decided to move on to a couple of other stocks. If it works the way it usually does, the stock will now go to $5.00 since I sold.

In any case, I wish the best to all of you.

Ron