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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (7484)	9/29/1998 6:43:00 PM
From: gtr	Read Replies (2) \| Respond to of 11676

Just a few thoughts about all this insider trading stuff. I have always felt that these reports cannot tell the real story. I mean these insiders all know that the general public has access to this information. If they wanted to dump stock and not have anybody know they could do it by trading off of accounts that may not even be in their name directly. The point is if they are showing that they are selling maybe it is to scare people into selling also. Look at last year when Teck sold a whack of Donner shares on the market, it created a huge sell-off. I reviewed the house positions and day trades for the dates shown that David Patterson apparently dumped these shares. On August 12, Union sold 152,000 shares but also bought 117,500 shares. They were the only house that day that sold over 100,000 shares. From this you could come to the conclusion that Mr. Patterson is using Union to sell his shares since he sold 125,000 shares that day. (Unless he used more than one house) If we move to August 21, the other day which Mr. Patterson dumped shares. That day he sold 146,500 shares the exact same amount that house PI sold. So we can probably conclude that he used PI to sell those. By reviewing the trades for that day you will notice that of the 146,500 shares that were sold by PI, 84,500 were bought by Union. Union bought a total of 107,500 shares that day. I could be wrong but maybe Mr. Patterson was trading between 2 or more accounts to give the front of market activity. Then last Thursday Union buys 202,000 shares. If in fact he is using Union as one of his houses this would be rather suspicious. The fact is if the insiders know that the public has access to all of this info, they could actually use it as a tool to either make things look bad when they are good or vice-versa. Just some food for thought FWIW!! GTR