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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (8555)	11/14/1998 9:57:00 AM
From: Tim Hall	Respond to of 14226

Zeev, Thanks. It seems pretty risky unless someone knows more than we do. We have seen some of these DD's pop from time to time. I wonder if these shorters pay that much attention to SI? Some on this thread think that negative comments here, help the shorts. Do you have any ideas how shorts can drive the price down, besides SI. Tim ooops, you already answered, thanks again.

To: Zeev Hed who wrote (8555)	11/14/1998 9:57:00 AM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 14226

Zeev, >>>>Of course, those shorters must have a pretty good pipe to the developments at GPGI to time their activities so perfectly, but on the other hand, with such relatively thin activity, the shorters themselves might have enough muscle to start rallies (by covering) and start declines (by heavy persistent selling).<<<< Isn't that illegal? I thought manipulation was handcuff city. Bruce

To: Zeev Hed who wrote (8555)	11/14/1998 2:16:00 PM
From: Ed Fishbaine	Respond to of 14226

Zeev >>Of course, those shorters must have a pretty good pipe to the developments at GPGI to time their activities so perfectly, but on the other hand, with such relatively thin activity, the shorters themselves might have enough muscle to start rallies (by covering) and start declines (by heavy persistent selling)<< The recent run up to 37 cents was started by the announcement that the leach contains 10z metals per ton. IMO it is completely unlikely that the shorts were buying to drive the price up. The number of shares on the buy side to 37 cents was far greater than on the sell side back to 28 cents. If it was short sellers round tripping they would have lowered their net position. More likely the buying was from long holders and fence sitters jumping in on the news. When their buying dried up the price retreated as so frequently happens after one shot news items. Either it was shorts selling again or possibly some longs also taking advantage of the run up. I seriously doubt that the shorts are playing the stock up and down. I suspect that they are only taking advantage of run ups and that they believe the shares will ultimately collapse as in the case of the other desert dirts. IMO you attrbute far too much information to the shorts. What does it mean that they have a pretty good pipe to developments at GPGI? If this was true they would become much more cautious and we would see signs of covering. Regards, Ed P.S. Theoretically it is possible that they covered on the way to 37 cents and then sold on the way down. This would have lowered their net postion. But I doubt it.