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


To: J. Nelson who wrote (10856)4/4/1999 2:25:00 PM
From: Lola  Read Replies (2) | Respond to of 25548
 
OK you go dig 5 holes in your back yard and see how many people you can get excited!!

"The total point was a drill program to bring value into the company's stock yet it has not, not to the level that everyone wants." (written by J. Nelson)

Oh for heaven's sakes! The company has only completed 5 holes and the stock is still up over 400% from where they started early in the year. What more do you want? This is one tough crowd!

And the idea that there is a huge short position on the stock is entirely believable considering how badly gold has been hurting over the last several years. The shorts saw easy money.

The fact that the stock is still at 0.29 from where they started at 0.07 in January should make one think that maybe this company is no joke.

Where is Einstein when you need him?

Lola:)



To: J. Nelson who wrote (10856)4/4/1999 2:47:00 PM
From: Lola  Respond to of 25548
 
One more point, I owned a Nasdaq listed Internet stock that changed it's name from Romtech to Egames Inc. (new symbol EGAM). It was heavily shorted by MMs. Not only were they not forced to cover their short position immediately but they drove the already beaten up stock price down another 50% in 5 days.

Egames had all kinds of new and exciting things to report at the same time they changed the name. For example they had launched a website on the same day called www.egames.com.

No amount of PR helped the stock to start a runup. The stock actually died. Why? Because that's what the MMs wanted and there was nothing anybody could do to stop them. And that's on a listed stock not a BB. I believe that the MMs on Egames were mostly naked.

Any comments?

Lola