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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Don craig who wrote (1204)	11/27/1997 4:05:00 PM
From: Jimsy	Read Replies (1) \| Respond to of 11676

Don - FWIT my perception is that due to the combination of gold down, financial concerns of certain economies, tax loss selling, shorters, central banks selling/lending, unknowns about the European common currency, rigging of the markets to hold some of them up, rigging of gold price to keep it down so it can't be taken as a safe haven, have give the shorters the confirmation that they can short just about anything further down and make money. So the only game worthwhile here is to try to pick the bottom, and hope that things recover in 1998. I redid Fagans list about a week ago that shows the cash rich companies. His list was based on Aug data, so without spending and comparing the market capitalization to the cash gives even more companies now, and things have changed drastically in the past week. If gold does go down to $280 with about 3 more weeks of tax loss, this is going to be the bottom-fishing derby of a lifetiime! The difference now is that you can buy bottom-fish with more money in the bank than the market capitalization. If there is a turn around, some of these companies will simply double overnight.

To: Don craig who wrote (1204)	11/28/1997 1:23:00 AM
From: Ed Pakstas	Respond to of 11676

Don, It may be called tax loss selling...I Suspect that in the event of no news from DML this may go on until Dec 24/97, which BTW, is the last day for tax loss sales...ed

To: Don craig who wrote (1204)	11/28/1997 10:13:00 PM
From: wayne cath	Read Replies (1) \| Respond to of 11676

hi Don......... ..I was hoping someone with more market savvy would respond to your observation/suspicions .....as that has not been the case, just let me say that I have been watching the late day trading especially on NAI. and am also wondering what the heck is going on. For example: 11/26- last 8 trades of the day ..21K share - canaccord takes nai from even on the day to -.12 cents 11/27- 6 of last 8 trades 40K shares- haywood takes nai from +.13 cents on the day to +.05 11/28-last two trades 11k shares- haywood takes nai from +.10 on the day to +.03 The thing that has really gotten my attention watching this is that the market depth on the ask dosn't change as these trades roll through which can onl;y mean this action is not from someone attempting to sell prior to hammering the bid in late day desperation. If this action was just shorting why not at the higher prices that have been available through-out the day?? Can someone offer a motive for what appears to be an attempt only to make the day look worse than it otherwise may have been? I have seen similar action on dml re: late day action but cannot comment on the market depth there(don't got it). Until your post,, I was prepared to assume I was a little paranoid and that this was just normal market movement. hope this helps....regards