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Gold/Mining/Energy : Games Trader

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To: John Paquet who wrote (595)	6/10/1999 12:29:00 AM
From: LaFayette555	of 1239

U make a good point Doctor ! I do follow MCF also and if these 2 break the PP price it is VERY bearish signal IMO. But let's say a stock trades at $10 and the P decides the stock will stay at this price he then places a very large bid at 9.95 and a very large ask at 10.05.. he 'boxes' the price.. if he buys stock at 9.95 he immediately offers these shares at 10.05.. he 'recycles' the shares - usually this technique will work at least for a period of time.. PP's IPO's and share issues often make interesting situations for traders : we know what the P desires and we know his 'bottom' price.. at least for a period of time.. there I go again talking to much in public there is also the 'green shoe' clause in many PP's and IPO's that is worth reflecting upon Happy trading and lots of cash to us ! Let's bust this casino table !

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