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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: spy hard who wrote (3338)6/12/1998 4:25:00 PM
From: Oscar  Read Replies (1) of 4142
 
Well, one explanation of the 3 o'clock sell-off might have been a margin call. Usually a lot of brokers will give someone til 3 to get money into the acct or they will start selling off whatever the want. The stock sold does not have to be a marginable stock, in case that has nothing to do with it. Just one more theory to throw against the wall, since somebody who was in control of his account would never sell the Ws below .20 after sitting there with the bid at .24 or so all week.
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