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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Scott Mc who wrote (847)3/28/2001 11:05:37 AM
From: stan_hughes  Read Replies (2) of 11633
 
Scott - I can't read that table very well, unfortunately. FWIW my remarks were off the cuff and founded on observations made yesterday morning when the lows were being made, i.e. when the unit price was driven down to meet the offering price such that it magically then represented "market" prices. Yorkton and Canaccord in particular were central to that selloff.

Perhaps you could use that data and list the top 5 buyers vis-a-vis the top 5 sellers and see what you get, although that table doesn't speak to the effects of firms acting in concert and walking the puppy down, so the usefulness of watching house positions may be limited. The brokerage firms know that such data is publicly available, and if they didn't want you to know something, believe me, they'd deal with that.

Call me cynical, but I'm still of the opinion that the price was barefacedly (is that a word?) manipulated (as opposed to responding to events) to the $5.50 level. However, it doesn't really matter anymore at this point, does it? The brave and "the informed" were buying yesterday, and now with the subsequent recovery, any genuine subscribers to the issue at $5.50 get to feel like they're getting a discount. Isn't this a great business?
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