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

To: go4it who wrote (4309)	5/12/1998 1:25:00 AM
From: Bruce McGaughey	Respond to of 11603

Do you all remember a week or so before the move from 0.40 to 0.75 ?? There was big volume in the stock and not much movement. At that time, we thought it was MM transacting between themselves. Maybe that absorbed the supply. Then, Richard et al began buying and moved the stock abruptly because of the thin float. Then, there was steady selling and not much movement to the down-side until the retail end began selling (Richard again). Maybe that's what we're seeing here. Just trading between the MM, trying to suck us retailers back in. They're gobbling up the loose stuff (maybe having to hold it for a day or two) and when the people on the street start moving into and out of it, it moves big. Just a thought. I wonder how many MM are actively trading this thing ?? We'd bring many more in with good news this week. Got my chicken-pickin' fingers crossed.

To: go4it who wrote (4309)	5/12/1998 1:31:00 AM
From: GlobalMarine	Read Replies (1) \| Respond to of 11603

Charles: LOL! Well, at 50 to 53 cents a pop, it doesn't seem quite so bad in dollar terms. Imagine if Turtleback came out for trading with a billion shares o/s (reverse split recently to under 10 million shares, BTW) and we all had to start talking in terms of hundreds of thousands or millions of shares! I decided to buy some trading shares here because: 1) Richard's e-mail from Maxam said that we'd finally get a report soon. I find it hard to believe that all the previous non-COC assays would suddently be invalidated by very poor COC assays, and I've a feeling the COC work involves the hot spots instead of the 0.05 stuff, so high COC numbers may help generate some interest. I am always worried about leach tests, however, because I don't know how much prior bulk testing of the recovery process has been done to determine its effectiveness & efficiency. 2) Although the next significant support level appears to be back around the 40 cent level, I didn't want to hold out for 10 cents more on the downside and miss a possible move back up on good news. After Thursday's fall, we seem to have bounced a bit, and the bid price and daily low trading price were moving up. 3) While I keep a core MXAM position, I'll do a short term trade too if it looks good to go. The last trade from 36 cents to 75 cents recouped my MGAU losses; now I need some action to help recoup my CHIP losses! Cheers, Rand