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Gold/Mining/Energy : ISLAND-ARC RESOURCES IAR-VSE -- Ignore unavailable to you. Want to Upgrade?

To: The Fix who wrote (59)	1/22/1998 12:54:00 AM
From: Ed Pakstas	Respond to of 186

Fix...It all started just after the stock went .47-1.00...A couple of 5k offerings appeared at .55 and .56... Then the bids appeared at .50...Low and behold it McWermid bidding also...Within minutes of their appearance they were being filled about 80-90%...Sure had the appearance of pre-arranged trading... I thought about jumping in between and then I realized that McWermid took down 'round 100K a couple of days ago at .39 and .40... Second guessed and stayed out of it 'cause I couldn't see anybody else stepping up to the plate (with substance)...Figured they were unloading that 100K into their own buying...We've seen that happen lots of times, haven't we?... I'm gonna play it by ear/sight in the morning... ...ed