Westfort Energy Ltd. (WT-T) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)

WT 11.59

-0.6%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: M. Merriam who wrote (809)	7/17/1998 4:49:00 PM
From: bhg	Read Replies (2) of 1288

Hi Mike, If a trader doesn't have any client buy or sell orders at a given moment he/she can trade for their own account. Let's say this is the case. The only order they have is a stop loss 10 cents below the current market. The trader might sell some of their own shares to drive the price down and then execute the stop loss by buying the shares. It isn't illegal although I feel it's a bit unethical. They don't have to hold back any clients orders. In this case they have sold at a high price and bought at a low price. It is done all the time. I do agree with everyone that it is HIGHLY unlikely that the traders held back client orders. How this all transpired I don't know, but there was a stop loss order @ C$2.00 for 60,000 sh. The stock opened down and triggered the order. I hope this explains things. If not I'll keep trying. Thanks Mike, Best Regards, Bruce

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next