ORXX - Orex Gold Mines Corporation Message Board

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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation

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To: Richard Mazzarella who wrote (577)	8/23/1999 10:14:00 PM
From: Ga Bard	Read Replies (2) of 2392

What convertible? They do not have convertibles? I do understand the the game. Buy and sell orders are executed against the best bid (price at which a Market Maker is willing to buy stock) and best offer (price at which a Market Maker is willing to sell stock) only. I am also aware there is a lot of forces in the market outside the company. Shorting is something I wish I could do. It is extremely profitable. Cross trading is a tactic for MMs to keep the stock liquid. I have heard some say it is moving a short around, some say it is a convertibles, options, warrants, whatever (like you), and some say it is someone selling stock. Heck, it could be a combination of all of the above. I will do you one better .. I can take a certificate and transfer it into street name and never sell a share and say I was not selling and shorting the fire with the certificate as a low risk back up if I should get caught. This is infamous in Canada since the offshore was done away with. For all we know someon has a cert at a broker and shorting against it. There is too many possibilities here but what you suggest I just can't conceive. But the short with a cert I probably can. And if someone gets nailed then they will transfer the cert into street name. OR someone is shorting it paying the spread to make money ... Yep I understand what is happening and there is going to come a time when they take it too far just like ARET, BAAY and a few others ... Those stocks were plagued with MM codes before they soared. Liars, crooks and incompetent I would agree with as far as the management I have talked to and this is the first time they have been public so they are not very stock smart. Oh and I doubt anyone has sold especially under .25 ... trading suggests playing the spread. ALso the crossovers are increasing between MMs ... if someone was selling why would they be doing crossovers? But this is my opinion ... :-) GB

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