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Gold/Mining/Energy : MONEY GUILD INC.---OTC:(MYGD) MAJOR Diamond,Gold Discovery -- Ignore unavailable to you. Want to Upgrade?


To: MoneyMade who wrote (120)8/31/1998 7:34:00 PM
From: Mr Metals  Respond to of 473
 
Can you make me the PRES?

MM



To: MoneyMade who wrote (120)9/1/1998 8:47:00 AM
From: Nescom  Read Replies (3) | Respond to of 473
 
MYGD just a theory this is only a theory folks but I don't for a second believe yesterday's rapid drop in price were people bailing out of this stock. I also do not subscribe to this drop being related to the DOW drop either.

The drop was decisive and rapid the share blocks were becoming 5000 shares towards the end of the day because that is what an MM is obligated to sell when posting a price I believe. There is only one individual who was profitable at these levels. That would be Larry McNabb with his free shares. Also I noted that this was the most selling I have seen maybe its not coincidence that it happened on the last day of the month. Perhaps there was a time contraint clause in his contract for shares? There was selling at every level of the bid and the MMs were more than happy to walk it down. Not to mention this end of the month balancing of the books for MMs on their short selling. I have observed that some stocks, not all, suffer most towards the end of the month, only to spring back on the beginning of the month.

IMO and I mean big IMHO I think that this stock may spring back into the .10 plus area today or soon. This may have hit its bottom price.

Nescom out-