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Gold/Mining/Energy : Abnormal Volume and Block Trades

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To: Essam Hamza who wrote (2284)1/2/1998 3:23:00 PM
From: StockPro  Read Replies (1) of 2340
 
Hi Essam, something a bit strange today ...

Nesbitt crossed 102,000 shares of GXR(ASE) about half an hour ago. The strange thing is the price the cross took place at. Normally, prior to a cross taking place, you might expect to see the price driven down a bit ... in this case it looks like the price was raised to effect the cross. Any comments or observations?

P.S. GXR has risen from the mid-thirties on Christmas Eve to the mid-fifties before todays cross.
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