To: Cytotekk who wrote (10528 ) 7/20/1998 10:09:00 PM From: Michel Grenier Read Replies (2) | Respond to
Hi, Luc has a point, even though it is not the whole story. Yes, the MMS are making the rules, getting the low sell and selling back to buyers at a higher price. However, they do not control the general drift, only the spread. As time goes without positive factual news, more investors are ready to part with their shares at low prices, and less buyers are ready to pick them up much higher. Luc's prediction that the price will continue to drift lower as time goes only makes sense. It happens all the time when uncertainty increases and confidence erodes. Right now, the only thing positive about GE is that they may have the gold, but for a lot of people, SEC questioning Guido's report casts serious doubt about that. Nobody could question the presence of some gold there, given the history of the place, but if it does not amount to proven reserves (economically recoverable), it might has well not be in the ground.
