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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: Handshake™ who wrote (7064)	11/12/1998 5:51:00 PM
From: Ken Sammut	Read Replies (2) \| Respond to of 25548

I am hearing good things may be announced soon also. Maybe tomorrow maybe not until next week but soon. The company may be planning on sending out a release tomorrow but maybe something will take place in this afternoon's meeting to delay the news. But all is looking very good. Understand that a very large block (placed just under the ask) did not go off. When the order was placed, the MM's brought the bid down to .075 but left the ask alone. If you have not requested that your shares be taken out of street name and placed in your own, you may want to consider doing so. The fewer shares the MM's can play with the better. Anyone know the present float? If the news does come and the large buying takes place, we may see a nice short squeeze. Ken

To: Handshake™ who wrote (7064)	11/13/1998 12:28:00 AM
From: on parole	Respond to of 25548

Large volume doesn't necessarily mean much of anything with otc bb stocks. The volume is very misleading. Probably does mean some rumors have interested more investors. Remember that E*Trade and your other discount internet brokers make their money by being paid by the MMs for paper flow. If a MM can't perform they are gone and this is their livelihood. If stock is purchased whether they have the inventory or not they sell. They then obtain the stock from other MMs and each transaction no matter how many times the stock is passed between them counts in the volume figure. Nothing sinister this is just the way it works. Short squeeze? Possible but highly unlikely with a BB stock. Why? Just not enough sustained buying that it takes to make it happen. News occurs and the greedy get in on the tail end. MMs box the price with the bid much higher than the ask. The latest investors double or triple their money and begin taking profits while the new investors are almost immediately underwater. There is then a lag between the time more news comes out and the latest investors start panicking and sell. The price drifts back down. Again nothing sinister but it keeps the MM from getting burned. Not trying to be negative but registering certs and short squeezes are talked about on about every board with few of them occurring. Best to focus on the fundamentals and everything will take care of itself IMO. But then again, gold find of the century..... now that might just make for a short squeeze! Oh well, why not dream a little. Realist