Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: marc chatman who wrote (48349)	7/23/1999 10:01:00 AM
From: marc chatman	Read Replies (1) of 95453

FLC trading is unbelievable. The bid/ask was 9 7/8 x 15/16, and a trade showed at 10 3/8 for 500 shares. I have no idea how this can occur, but it is enough to close that gap down on the charts from a few days ago. A similar occurrence happened several days ago when a trade went off at 10 15/16 (or maybe it was 10 13/16), while the bid and ask were about 1/2 point lower. That manipulation would have confirmed a bearish divergence on the charts. If I'm correct, and today's manipulated trade at 10 3/8 was for purposes of closing the gap, FLC could be heading lower. I hope I'm wrong.

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