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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)
WT 11.59-0.6%Nov 7 9:30 AM EST

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To: bhg who wrote (764)7/16/1998 11:03:00 AM
From: M. Merriam  Read Replies (1) of 1288
 
Bruce wrote:

Today Grant told me that there was a stop loss at $2.00 and the brokers dipped it down to take it out.

Grant? Is he the same source who was telling punters a month or so ago about the huge short position in WT, a position which existed only in someone's mind?

Just how would Grant (or "the brokers" for that matter) obtain information about a stop loss order? Care to disclose Grant's source, if one exists?

Why would brokers "take out" such an order?

Assuming this happened, and I have major doubts, is such manipulation legal, and if not, what does that say about Grant and his sources?

Someone is always posting one of Grant's explanations whenever WT dips. How convenient. (Too bad they're not more substantive, though.)

I'll leave everyone to draw their own conclusions.

Mike
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