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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: edward miller who wrote (26294)10/12/2003 11:46:06 PM
From: Wade  Read Replies (1) of 206223
 
FXEN

I think I finally understood the price actions of FXEN. I think there were ~120,000 shares were wiped out by sell stops all the way down to $3.25. This was probably a market maker's action. Then, they raised the bid/ask prices to trigger lots of buy stops. They made a killing in 5 minutes. This is the lesson not to place stop or market orders to the nsadaq market, especially the thinly traded shares. We'll see what happen at open. Need lots of luck.

Wade
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