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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (2987)6/9/1998 4:43:00 PM
From: jcmoore  Read Replies (2) | Respond to of 4142
 
I got lucky! I'm the midlp trade 14.25. Amazingly somebody came down to my bid off of 15.

jcmoore



To: Ga Bard who wrote (2987)6/9/1998 4:56:00 PM
From: Oscar  Respond to of 4142
 
Bard,

Today's MIDLP trading log speaks VERY POWERFULLY. This is not to hype the company or the trilogy, but: I know that there are plenty of shareholders who are waiting patiently, and others who are a wee bit nervous as they try to digest yesterday's corporate shakeup, the move to Houston, this possibility and that possibility for how things will develop with DF-144. The final days of silence before major developments hit can be a nervous time for shareholders.

All I want to suggest is this: if there was any bad news "in the pipeline" for this company, it would be generating some selling among those who hold the most expensive shares, the Preferred. But today, what did we have: 5200 shares were traded, 100 at the bid, 100 a fraction above the bid, and 5000 at or within an 1/8 of the ask. FOR ALL INTENTS AND PURPOSES, TODAY WAS ALL BUYS! Seldom does any issue trade so strongly, and it certainly doesn't happen if there is poison in the mix. DF-144 is going to be a wonderful elixir, and whether it is sooner rather than later, all that is required of us investors is to stay calm and hold tight.

Oscar