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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Sawdusty who wrote (8404)	7/7/1998 8:11:00 PM
From: MMpro	Read Replies (1) \| Respond to of 34075

Dan, you are correct as far as properly reading that bid/ask on that site you posted. However, I believe that bid/ask to be a software short-cut by the programmers (i.e. when there is NO bid/ask available just use the low/high for the day!). Kind of sloppy if ya ask me!! Peace Riccardo

To: Sawdusty who wrote (8404)	7/8/1998 4:49:00 AM
From: Bill Peterson	Read Replies (2) \| Respond to of 34075

Pink Sheets: There is no bid/ask........................ Market Makers simply grab buy orders in one fist, sell orders in the other, and exchange them in the manner that makes them the most money. As a trader you are at their mercy. Your only hope is to put in a limit order, and hope in flurry of heavy volume, you get filled close to the 'market' price. Most experienced traders simply look at the last sale price for a guide. That is why you saw Tuesday sequential trades going off at 10 to 25 cent spreads. Sometimes as high as 50 cents. In the early hours of trading, Mine traded from 3/8 to 3/4 to 1 « to « with just seconds separating trades. So, you better know your target, a realistic one, b4 you place your order. As this thing plays out, more Market Makers will appear on the scene, since there is so much money to be made. That can be a good thing. It can lead to a more orderly market, as the insiders get scalped by a ever-increasing number of other MM's Then the spread decreases and the fluctuations subside. That is what I'm waiting for: an orderly progression in the price of this stock. It will be orderly, and it will progress. In the meantime, we can have some fun dissecting the 8 k's etc. That of course is a luxury enjoyed only in the darkness of a closed market. When we open tomorrow, all DD, speculation on if and how many more holes we need to drill to satisfy LLoyds of London or the retired Professor Emeritus of Homestake University will be a mute point. What we have here Ladies and Gentlemen, is a Run For The Border. The Bolivian Golden Triangle. Speculation, emotion, the magical lure of the metal that seduces tough men, soft Ladies and fat wallets. And in a final note, as I was reading Bloomberg today, I noticed this: Excite: sales of 50 million, losses of 17 million, Market Cap: 2.65 BILLION. Assets=Zero Ask thy GenX or Yuppie Newbie Mutual Fund Manger: What is this stock trading on...Air? Mine is trading on Gold in the Ground my friends.