Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Swami who wrote (16239)	6/9/1999 10:38:00 PM
From: Kevin Hamlin	Read Replies (1) of 62348

Just purely from a trading point of view on TVL, it was quite interesting to see the game played by Midland...and they did it well!! There was a wall at $2.70, and Midland came in and took it out...about 25,000 shares in one big gulp. Did it catch the market's attention....you bet it did! Bids started pouring in as everyone thought "something must be up". Once the bids came in, more came in, and then more. At that point, it started becoming a self-fulfilling prophecy. The price quickly moved up into the $2.90 range. Well guess who was selling there. None other than Midland! Sold the same shares they purchased and then some. Not bad for a few minutes work! Take a look at the trades and you'll see what I mean. It was a game....and they came out on top with the $$$!! Regards, Kevin

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