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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper

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To: Ga Bard who wrote (3221)6/11/1998 4:30:00 PM
From: Oscar  Read Replies (1) of 4142
 
Bard, I would love to see your trading log for today. My Farsight time and sales report doesn't update b&a during the day, but based on what I have it appears that there were 12 straight buys totalling 4300 shares from 10:42 am EST to 12:59, and on that basis they walked the ask down from 17 7/8 to 17 1/4. What followed was exactly what i predicted in my post 3155 this morning, and naturally a few nervous nellies were induced to sell some dribs and drabs during the final hour (seems that the total of these sells was 1400 shares, interspersed with 300 shares bought). All in all we had a little better than 75% buys for the day by my rough count, continuing the trend we have seen every day this week despite the "blood in the streets" news, or because of it, to look at things another way.

Oscar
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