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To: pete2 who wrote (2943)	5/7/1999 9:59:00 PM
From: Mike Sawyer	Respond to of 3129

Thanks for the message link Pete2! It was so interesting that I thought I would post it here for Tom and some of the others that like to learn all they can about the way things are. >>>>>>>>> To: Hugh M. (9 ) From: marketbrief.com Wednesday, Mar 25 1998 5:04PM ET Reply # of 246 Volume and volatility are all professional traders need. I only know the symbols and when my partner/broker starts telling me the story I just hang up the phone. I stay at home to trade so that I don't get my mind polluted by all the hype. I think "blind momentum play" is a good description, but I prefer to call it human nature at work. I can (and will on the web site where we can post them instantaneously) show you hundreds of charts that all look the same except for the trading symbols. They are records of human nature piling in on greed and then bailing out on fear. Therefore, what we trade is totally predictable. Please understand that I understand fundamental analysis as well, having been a Graham and Dodd girl when I was a freshly minted university grad...you can read it all on the site and have a good laugh at the sorry journey of a broker turned trader. I trade technically only, but my partner/broker trades more fundamentally and you will see us go at it live in He Said/She Said. It should be the comedy channel of trading. As for BB stocks, I will never trade them. In my travels I have met many of the players of pump and dump and the rules in the U.S. as just so lax, they have all left Vancouver. I remember a dinner with some of these people over a year ago. We met with a cool securities lawyer who does all the BB stuff. He introduced himself and I asked him what exactly he did. His answer was that he shows the insiders how to get as much paper as possible...on that note, I thanked him very much. You see, all this paper is created using Regulation S and Rule 144 and that paper can be sold to non-U.S. persons which after a 41 day hold period can be sold back to the States. I don't have any info at my finger tips but it seems to be that the discount on this paper is strictly by negotiation between the public co. and the purchaser without a limit on how much. In Vancouver, the most discount is something like 20% with a one year hold, maybe with some warrants with a minimum price. All the papers need to be filed and approved by the exchange. Reg S paper is hard to track so why bother? Now we can see why the VSE isn't so bad after all compared to BB? In addition, lots of these BB deals simply facilitate money laundering. I know these people in London who used to use the VSE to launder Mafia money for over ten years. They left about three years ago and have operated out of European institutions and Nasdaq since. They cite lack of regulation and higher dollar volume as the benefits of Nasdaq. That is all.

To: pete2 who wrote (2943)	5/8/1999 1:31:00 AM
From: Mike Sawyer	Respond to of 3129

Pete2, I was reading a very interesting article on trading stocks. I thought you might like to read this part... >>>>>> We all know about the Bre-X incident. It was a good lesson, but it illustrates that no matter how tough and thorough, oversights happen. Bre-X originated on the Alberta Stock Exchange, went on to trade on every exchange in Canada and on NASDAQ, except one, the Vancouver Stock Exchange, because Bre-X would never have satisfied VSE listing requirements as their "gold" was not analyzed by fire assay. It became an institutional holding and mutual funds held most of the paper in the end. Stock exchanges cannot stop every scam. And where was the media? When we looked at the chart of Bre-X three months before the final collapse, it was already quite self evident that there was something wrong. There was plenty of time to sell if one wasn't married to the stock because of its glamour. We are always thankful when our stop loss is hit. Let the others hope and dream. We will take profits, thank you very much.