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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: Tim Hall who wrote (7874)	4/6/1999 6:50:00 PM
From: Char	Respond to of 11603

Tim That may be wishful thinking. IMO, after what all the DD's have been through the only thing that will get these stocks moving is positive cash flow. Until that point in time the market makers are free to manipulate these stocks any way they desire. Run them up on good news and then drop them back as soon as volume dries up. FWIW, I'm long all three of these. Char

To: Tim Hall who wrote (7874)	4/9/1999 7:56:00 AM
From: Richard Mazzarella	Respond to of 11603

Tim, many people buy the rumor, sell the news. Don't we already know the news? A good move with a 50% retracement on a speculative stock is to be expected. This retracement is on small volume, easily recovered. Your buying was the mother of all MXAM sell signals. <VBG> However I actually thought we would carry to higher values on the last run, you will still make money here. IMO the last run from $0.07 to $0.30 wasn't just speculation on the drilling, we know the relationship of the mapping to the drilling and the good results expected. The large move was because it demonstrated that Maxam had the money for the COC and wasn't going belly up any time soon. Now everyone listen very carefully, Maxam will continue, 1999 will be our year. Invest on your own due dilly.