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To: SlyWombat who wrote (890)	7/3/1998 7:41:00 AM
From: make.it.co	Read Replies (1) \| Respond to of 1195

midland crossed a block of 55,000 shares just before the buzzer yesterday to account for almost all of the volume on the tse. the volume on nasdaq certainly was higher than it has been the last couple of weeks. it would be nice if this was because there was ONE seller, and this seller has run out of shares to sell, but i doubt this is the case. otexf has come under selling pressure for almost two months now. the quick run up earlier in the year has probably made it easier for a lot of shareholders to cash out recently during this period that the stock has had such negative momentum. early in the day yesterday sellers were selling 10 and 15,000 shares at a time "at the market" and driving the share price down 1/2 and 5/8ths at a time (some panic selling ?). what i found promising (i'm long otexf and holding) was that a buyer(s) stood up to the plate at $13 - $13 1/4 and took everything the sellers wanted to throw at them. a rumour on the street (unsubstantiated) is that otexf didn't make their numbers for the quarter (and year end) ended june 30. at least one of the toronto analysts had a couple of discussions with senior mgmt at otexf yesterday and reported, based on his discussions, that it "just doesn't appear that they missed the quarter". of course, they are in a "quiet period" and would have to be careful about what they said. i suspect that if they did miss we'll have a prerelease by early next week.