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 : Starpoint Gold -- Ignore unavailable to you. Want to Upgrade?

To: Chopper who wrote (1999)	5/17/1998 5:51:00 PM
From: john mcknight	Read Replies (1) \| Respond to of 2378

Hi All Again from the Guru's website From: Investors GURU (INVGURU) To: WABU (WABU) UNREAD 4 of 5 Posted: 5/17/98 5:19:00 PM Reply to: 172 Next Who would trade 500 to 1000 shares at these prices is a very good question? The answer is brokers who want to make the stock look weak so that others will sell them cheap stock. The broker who appears to want to make sts look cheap also jitneys through several other brokers. They don't pay commissions and only do it, especially on Friday's, to make sts look ugly in the papers quote section. We've seen it before and their ploy looks tired at best. If you are a short term trader this might concern you if you are looking for the exits, which they are counting on but losing the battle. But if you are in for the longer term try and understand that we see this as positive because nobody is selling under .20 other than a few shares which have been spooked out by the pros on down ticks. 500 shares at .15 is only $75, which is lower than most brokers charge as their minimum commission. No matter how low a stock is, nobody is going to give away their shares to put some gross on their brokers books. Here's the bottom line... you know the story and the details of the Congo, you know that a team is over their right now, you should know that it would take very few shares to move sts back to .25+ in a second. If you get the market by price on the stock you might find that it looks top heavy, meaning that it looks like there is lots of stock offered above the posted offer. We haven't checked but this is usually the case when a broker wants to make a stock look weak. It's the same as back bidding to make a stock look stronger than it really is. Both are just BS to make a stock look stronger or weaker than it really is. A big market order would move these types of orders off the board in a second and show their real intentions. What we don't understand is why people who get to know their companies at length and seem to understand the market don't take advantage of the situation. We hope they can offer more stock. If we see the orders build up on the offer we will buy more sts. Not 5 or 10k but 50 or 100k at a swoop. Come on Brink Hudson, Global or whoever, let's see some conviction, hang your balls out there and offer some real amounts of stock and stop diddling with the 500 share trades meant to just paint the tape. What we are saying is that you shouldn't buy any thinly traded stock on the action only. The pros will prey on your emotions and try and shake you out lower between news releases. However, STS keeps moving ahead on its exploration and we believe STS' trading is a lot cleaner than we expected. They aren't shaking out very many shares. $10,000 of buying would likely clean sts over .20 in a few trades. Regards John