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Non-Tech : Sungold Gaming International (SGGNF) -- Ignore unavailable to you. Want to Upgrade?

To: Mike H who wrote (3367)	4/7/1999 1:17:00 AM
From: John Lawrence	Read Replies (2) \| Respond to of 5164

Good question Mike How large are the offers? Are you asking whether one or two people are selling blocks, or whether many people are offering small quantities for sale? I don't know. I haven't heard from anyone who is selling. All the people I know with large blocks aren't even thinking about selling right now, so your guess is as good as mine. There's a lot we'd like to know about what has really been going on with the trading. We'll get a lot more info. once we're on the OTCBB. About the only thing I can tell you for sure about what has been going on over the past few months is that at least one of the MM's had been deliberately, and regularly, putting through a trade at the lowest possible price near the end of the day. That leads one to suspect that MM's intentions. I think what we're seeing now is that there is some determined buying coming from one or more sources with deep pockets. Either it's one or two buyers with a lot of financial clout, and who believe strongly in the company at this time, or it's a broad base of many smaller buyers. My inclination is to believe the former, but I have no evidence to support that belief. Whoever is buying, the MM's are losing control over the trading, and the appearance of the chart at the end of the day. It looks to me like the tables are beginning to turn, and the bulls will retake the field. It will be interesting to watch, because there may be some participants who are caught short. There is a limited supply of shares available at this price, and they'll soon be gone. I'm betting that at this stage, and in these quantities, the shares are going into friendly hands that will hold them long-term. I'm looking forward to the day when the shorts will become our strongest boosters.