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Microcap & Penny Stocks : IKAR MINERAL CORP...(IKAR)..looks to be ready & surprising
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To: Lee Bauer who wrote (18)11/6/1997 7:59:00 PM
From: Ga Bard  Read Replies (1) of 188
 
Well I just finished sorting though all the 150 trades today and what I discovered was it got shorted at the $2.00 mark and a few people sold at the $2.00 mark. Once that started they dropped the bid and ask. As others bought in at the mid point it only helped the MMs for they dropped the ask to the midpoint to meet the last trade. for an hour or so people were buyig in but the midpoint buy ins caused the price to drop. Once at $1.46 the sells began coming in causing it to drop even lower ad the buys were still at the midpoint. The more the midpoint was bought at the lower it got the till more people sold.

It seems to have stablizied after another MM tactic ripped through the shareholders again. The shorting has taken out the weak hands to say the lease which is good to a point but they gutted the price..

The key to this shorting tactic that occurred today to make it work so well was the buying in at the midpoint between the bid and ask. The MMs treated it like a sell and merely dropped the ask to the midpoint. Once they got a sell it was unstoppable till selling stopped. Heck they made a fortune shorting then lowering the ask till they covered at the $1.28 range.

Oh well welcome to the internet. Maybe it is ready to run to NASDAQ now. With .75% in buys and the rest in sells, someone and not the sharholders, made a ton of money today.

Too much acivity to post the trading log.

GB

GB
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