Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Gary H who wrote (3380)	3/8/1999 8:33:00 AM
From: AriKirA	Read Replies (1) \| Respond to of 8117

Gary, I understand your point but since MJ had decided to take on the role of PR, he should at least have a minimal understanding of the market's basic notions. Now having said this, presuming he didn't understand the short selling aspect, why did he tell Ed that he thought that the stock was being shorted? I don't know how it is with you guys, but when I talk with one of you I try to avoid saying things that I am not sure about, especially if it is on a professional level. Thus, if a client came to me for some legal advice, I wouldn't just tell this individual blah,blah,blah if I wasn't sure I knew what I was talking about. I would either get back to him or refer him to a specialist. Understand what I am trying to say Gary? I think this was evident when the price was sliding till the news release came out and then the flow of share stopped for about an hour The news release officially came out at 9:29 PT. Looking at the trading log, I would say that the price had already dropped to the 1.90 level when the release came out. The only reason we didn't see 1.25 was that the seller was considerate enough to tell its broker to keep the price above 1.90. As you can see, the PR had absolutely no effect on either the price or the flow shares. The 10 and 30 minute gaps you see are IMHO due to the fact that the seller didn't want to sell bellow 1.90. Therefore, there was a tug of war between some buyers that had some bids between 1.86 - 1.89 and the seller. Once the buyers realized that they wouldn't be getting filled they just changed their offer to 1.90. Moreover, the share price did not bounce because of the PR. It did so because the seller had finished dumping its shares. V 1999-03-05 11:41:48 1.900 -.250 500 82 DS 82 DS V 1999-03-05 11:32:18 1.900 -.250 1000 31 Global 82 DS V 1999-03-05 11:32:06 1.900 -.250 1500 66 Versus 82 DS V 1999-03-05 11:30:00 1.900 -.250 2000 63 Levesque 82 DS V 1999-03-05 11:28:54 1.900 -.250 2000 82 DS 82 DS V 1999-03-05 11:28:48 1.900 -.250 13000 82 DS 82 DS V 1999-03-05 11:28:30 1.940 -.210 200 12 Nesbitt 31 Global V 1999-03-05 11:28:00 1.900 -.250 3800 12 Nesbitt 82 DS V 1999-03-05 11:24:30 1.900 -.250 1000 12 Nesbitt 82 DS V 1999-03-05 11:24:30 1.900 -.250 200 12 Nesbitt 82 DS V 1999-03-05 11:23:30 1.900 -.250 800 12 Nesbitt 82 DS V 1999-03-05 11:21:42 1.900 -.250 4000 12 Nesbitt 82 DS V 1999-03-05 11:01:36 1.900 -.250 300 9 Green Line 82 DS V 1999-03-05 11:01:12 1.900 -.250 200 9 Green Line 82 DS V 1999-03-05 10:54:24 1.900 -.250 300 66 Versus 82 DS V 1999-03-05 10:14:12 1.900 -.250 3000 82 DS 82 DS V 1999-03-05 10:14:12 1.900 -.250 1500 9 Green Line 82 DS V 1999-03-05 10:09:42 1.900 -.250 500 9 Green Line 82 DS V 1999-03-05 10:02:54 1.900 -.250 1000 12 Nesbitt 82 DS V 1999-03-05 09:56:12 1.900 -.250 1000 12 Nesbitt 82 DS V 1999-03-05 09:55:48 1.900 -.250 1000 82 DS 82 DS V 1999-03-05 09:55:48 1.900 -.250 500 9 Green Line 82 DS V 1999-03-05 09:55:18 1.950 -.200 700 85 ScotiaMcLeod 82 DS V 1999-03-05 09:44:54 1.900 -.250 500 9 Green Line 82 DS V 1999-03-05 09:40:42 1.900 -.250 1000 9 Green Line 82 DS V 1999-03-05 09:36:42 1.900 -.250 1000 9 Green Line 82 DS V 1999-03-05 09:36:30 1.900 -.250 1000 85 ScotiaMcLeod 82 DS V 1999-03-05 09:33:18 1.900 -.250 500 82 DS 82 DS V 1999-03-05 09:33:18 1.900 -.250 500 82 DS 82 DS V 1999-03-05 09:32:54 1.900 -.250 2000 82 DS 82 DS V 1999-03-05 09:30:12 1.900 -.250 500 90 Gundy 82 DS V 1999-03-05 09:29:42 1.900 -.250 1000 85 ScotiaMcLeod 82 DS Kind Regards AK