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Gold/Mining/Energy : Solv Ex (SOLVD) -- Ignore unavailable to you. Want to Upgrade?


To: David Coakley who wrote (5974)9/1/1998 9:59:00 PM
From: mqmsi  Read Replies (3) | Respond to of 6735
 
Dave,

Did you notice the trades of Solv-Ex today. It is absolutely amazing that when the vote for the management, 14 million to 60,000 happened, that those 60,000 or so shares waited until today to sell, some at $.49. Why on earth do you believe that anyone would sell at $.49, if they actually had stock certificates. From what I understand, Solv-Ex has their money now, so things keep getting better, yet their stock goes down. Of course, it is no surprise to me (and probably not to you) that this stock goes down every time there is good news. The only reason that I can think of that the stock would trade below $.50 when no one was willing to sell at that price when the reorganization was approved, is that it would give the shorts some ammunition when the stock price goes up. It is going to be interesting to see if Larry, Darryl, and Darryl, oops, I mean Larry, Gary, and Barb start raking the stock over the coals again when it starts to move up. I can't wait to hear their explanations. I also can't wait to have them refute my previous post with any of their other idiotic logic. I know until the stock trades on an exchange again, the market makers will have the upper hand in the stock price, but I think their days are numbered. Have a good one!

Mark