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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (20632)	1/28/2005 5:02:47 PM
From: The Vet	Read Replies (1) of 108726

GRZ is attracting some professional bids, but these guys play games all the time and never chase a stock unless they are out of other options. They had the old " blocking offer" going a few times a day when they put a nice big block to sell a penny or two above the price they intend to buy at and then wait as the nervous longs capitulate and set their limit sells under the block. If the bids start to get too close, the big block at the ask mysteriously vanishes, if the bids drop off, the block moves down to create the impression of selling pressure, but it just never gets hit!

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