Northern Abitibi Mining (NAI-ASE) Message Board

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Gold/Mining/Energy : Northern Abitibi Mining (NAI-ASE)

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To: JAS who wrote (661)	11/2/1998 7:34:00 AM
From: Buckey	Read Replies (1) of 773

On preopen bids - This helps explain why they jump around Here is a good post to help explian why those market orders jump around like a mexican jumping bean Talk : Gold/Mining : Winspear Resources \| Previous \| ------ \| Respond \| To: bill (9058 ) From: purething Monday, Nov 2 1998 3:51AM ET Reply # of 9059 Bill Re-opening bids. From what I understand, the pre-opening on the TSE, VSE and ASE is governed by the computer automatically matching the supply of bids with the supply of offers. If the level of bids at one level are greater than the number of offers at that level the computer automatically bumps up the price level. And vice versa. So what you are seeing is not manipulation but the computer automatically adjusting the pre-opening price to suit the supply and demand. What I look for in terms of manipulation are heavy bids below the bid price which suddenly disappear when the bids begin to be hit. Note: Nine times out of ten Winspear opens strong and then softens towards the end of the day. purething

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