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Microcap & Penny Stocks : IKAR Mining Tungsten iron ore gold silver copper cobalt
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To: john who wrote (234)9/7/1998 10:44:00 PM
From: Alan Markoff  Read Replies (3) of 631
 
John, Dr. Stock;

In other words in your opinion someone maybe manipulating the stock.

My opinion is only important for myself. But what I will say is if I can predict what will happen with Ikar tomorrow in general terms and can predict a pattern I would label it strange. For myself I have not looked at Ikar in general by bringing up a Quote server and viewing the fluctuating prices I have been watching on a Level 2 watching trade after trade and their is no way someone is going to convince me that Ikar is trading normally by what I have seen for 2 months now.

I will outline a pattern and then I will post tomorrows trading and we will see if I am pretty close by looking at the individual trades which I will post also this pattern will continue on a daily basis until at some time that whatever or whoever is doing it ceases so I will continue posting IKARS trading on a daily basis.

The pattern is as follows;

In the morning if there is any buying it usually occurs within the first half hour and then stops. You can count on a sell after the first hour when the market opens so if their are no buys at open I look for a sell of 3,000,4000 and sometimes a 5,000 block. Many times if their is a buy their will be a sell within 8 to ten minutes after the buy but not on the initial buy in the morning it usually occurs a minimum of hour if not longer from the time the market opens. If the buying stops you can count on a sell every half hour to one hour almost to the minute again mostly 3,000,4000, and sometimes 5,000 blocks. It really gets interesting at the end of the day sometimes IKAR gets hammered again with the 3,000,4000 and 5,000 blocks but for some reason the 5000 blocks seem to be used more in the afternoon. So as far as manipulation for myself and remember this is my opinion yes I feel strongly that IKAR is being manipulated since it is very thinly traded at present. I also believe it is thinly traded because if the harm the manipulation has done to this stock and would rather not explain that scenario for one would have to be into the stock for awhile to understand it better. I do believe the debentures are a part of this and hopefully IKAR will inform the shareholders of the status of the debentures since the last press release on it was vague at best. I myself do not like debentures so this of course is a negative on my part with regards to Ikar but at the same time it is only for 1 Million not multi Millions of dollars. So tomorrow we will see if the pattern pans out and if it continues on a daily basis. If the pattern stops than hopefully something will change for the positive and IKAR stock will climb back up.

Now with all that said don't take it as gospel, and don't buy or sell based on what I say because quite frankly I am starting to get tired of SI and all the flaming that seems to be flaring up all over SI. Also I feel strongly that Ikar is not selling stock into the market.
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