Hi Brumell, The more interesting figures are the ones taken over a few months. They help to give you a better picture of what's really going on. I have tracked the stock activity since Sept.1/98, up to, and including Feb.4/99, and this is what the accumulated totals are over that period of time:
Long
----
DS + 366,868
Yorkton + 227,480
Gundy + 262,900
Nesbitt + 208,539
Levesque Beaubien + 155,800
7 Green Line + 230,635
Goepel + 102,200
Jones Gable + 81,500
59 PI + 84,000
Midland +79,500
Wolverton + 70,000
Deacon + 64,326
90 CT Services + 50,700
James Capel + 39,200
19 Desjardins + 30,000
Cannacord + 19,364
85 Scotia McLeod + 9,500
62 Haywood + 7,000
Latimer + 1,500
Short
------
Loewen - 747,640
39 Midland -454,383
18 Georgia Pacific - 433,800
25 Odlum - 10,000
88 Versus - 89,031
Golden Capital - 89,000
80 First Me - 17,900
62 Haywood - 6,600
6 Union - 2600
N.B. I didn't bother with houses who had either balanced off their selling and buying to a zero position, nor those who had bought or sold very small amounts.
I wouldn't worry about, what appears to be short sales, by some of the houses like Loewen, Midland, Georgia Pacific. They may not, and probably aren't, short sales. There are other reasons, and contrary to conclusions that many people draw, that it must be bad news, that is not necessarily so. I noticed, for instance that one former management person owned 781,238 shares and 355,000 options as of August last year. That's not to say that if you have a big run-up and then see, what appears to be a short position building, that it couldn't be the real thing. But just ask yourself why any house would have been selling short at these prices, with news yet to come, from Barrick, as well as the Guinoloza, and if you think it's Barrick leaking, well, all I can say is...you don't know Barrick.......
Cheers
Shirley |
