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Gold/Mining/Energy : Blackstone Resources BLV-CDNX

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To: Buckey who wrote (99)	12/2/1997 5:00:00 PM
From: Ed Pakstas	Read Replies (1) of 373

Austin: Blew off my BZZ near the close today... Took a small hit, but what the hell... The reason for doing so is contained in a newsletter that I get (which BTW a portion has been posted on various threads) >>>An example of the wizardry? I often watch speculative traders monitor the market book to see the depth of orders to buy and sell. The idea is that if the buyers appear to outweigh the sellers, the stock is likely to go up. Good idea. Only so long as what you see is what you get. But there is often a slight of hand at work. The savvy market makers, traders and promoters out there know enough to put up fake orders. Want the stock to go up? Put a huge buy order on the board, far enough away from the current price to ensure it won't get filled. Pull it when the market gets close. Want to send a stock lower to cover a short? Show lots of offers. Only one example of the amazing spectacle that occurs in every market, every day. Ladies and Gentleman that's magic. You can win in the markets if you know how the illusion is carried out.<<< IMHO, somebody is palying games with this puppy... I bought into BZZ late last Friday 'cause of the previous 3 day trading trading activity and the Market Depth... The bids where large at the .65 level.. Monday the large bid of 50K dropped down to the .60 level... Today the same large bid dropped down to the .50 level as the the .60's where getting hit... "Poof" I'm gone... Maybe back later when she's below the .50... ...ed

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