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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: onepath who wrote (74257)12/15/2012 3:53:42 PM
From: tyc:>  Read Replies (1) of 78406
 
FWIW

Re algorithmic trading in LSG ?

I bought a few more LSG shares on the day following the bullish news release when the stock price rose by 13%. On Friday the same old pattern of trading resumed and the stock began to decline. My prior day's purchase was heading for a loss so just before the Friday close I offered it at the ask which would have recovered the amount I had spent. The trade was immediately completed at .01c higher than my asking price.

I reason that the algorithmic traders, ever anxious to grab trades throughout the day, saw that they were going to end the day with a shortage. They were intent to make up the shortfall by buying at market, rather than end the day and the week with a naked short

In a declining market they would more usually have ended the day with surplus shares which they would dump on the bid, driving the price lower. We shall see what Monday brings.

Any brighter ideas ?
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