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 : Derlan (T.DRL) -- Ignore unavailable to you. Want to Upgrade?

To: VisionsOfSugarplums who wrote (227)	5/29/1999 5:08:00 PM
From: Lola	Read Replies (2) \| Respond to of 319

I thought initially that it was shorts keeping the price down...but that didn't make sense. They should have let the price run and shorted it at higher levels. I have changed my opinion and think that the sellers were just frustrated longs who have been in the stock too long. Once they are out of the way, it should be smooth sailing. I'm hoping that alot of American buying will come into the stock on Monday since the US exchanges are closed. Alot of cash sitting out there waiting for a hot story to put it into. As for someone trying to keep the price down in order to perform a hostile takeover...I do not think that is a reasonable explanation either. It was a bad week for the markets last week and DRL went up 38% in one day on the news. To say that a company's future is cloudy and mention that the stock went up 38% after landing a $500M deal is ridiculous and contradictory. I guess sometimes reporters have to twist things around just to put out a story. I consider it very bad journalism. On Thursday the stock traded 20x normal volume and went up 38% even though the market was only open for another 2 hours after the halt. That is all very positive. I think that journalist needs to do some work and try a different angle. I found that story to be one of the most ridiculous news stories I have ever read. I mentioned this bad press to Investor Relations at Derlan and he told me he had not seen that story but that he would look into it. He also assured me that there was no basis to think that the company's future was not bright. How often does a small Canadian company get a half billion dollar deal? I would not have twisted facts to come up with that story the way the FP journalist did. Perhaps he was practicing his creative writing skills at the expense of Derlan and it's shareholders. Lola:)