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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)
ECX 1.655-0.6%3:59 PM EST

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To: Frederick Langford who wrote (2069)3/6/1998 7:00:00 PM
From: Raymond James Norris  Read Replies (1) of 2841
 
Shorted on open, got uptick at 9 7/8, was angry enough to buy all I could get, 3,000. Covered at 9. The best $$ I've made to date on ECO. Sorry if I insulted anyone, my disgust with Mike, really took over. Anyway, I covered and am gone from here

LOL!!! In retrospect, that's about the best shorting, covering, and selling I've ever seen. So perfect I question the validity.

I love the "was angry enough to buy all I could get" part. LOL.....letting your emotions interfere but I guess it worked this time, huh? So mad you decided to short 30k$, huh?

Now for reality:
First I never saw the ask go to 9. (It might have and if so, this means your play was possible, BUT......) and if it did (at 9:40), it certainly was not for a very long time for many to get in or out or cover. I'm showing a large block buy in there but no smaller ones.

Second, how could you have known 8 7/8 was the floor? Gut feeling?

Third, you're out now. Any reason on bragging about your last trade??

If what you say is true, it has to be the best trading on a day basis I've ever seen. I've never seen anyone tell me beforehand of these miraculous trades, they always seem to do it in retrospect. But if you did somehow pull it off and were just wanting to brag to us to remind us where we stand with comparison to you, that's ok. I know a lot of people who brag about their trades pointing out their superiority with the market. Amazingly, these people don't have mansions or drive luxurious sport cars.

But no offense and good luck to yourself in the future. But with skills like yours, you don't really need it....

Conservatively Yours,
Raymond J. Norris
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