Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: the Chief who wrote (6856)	4/13/1999 4:00:00 PM
From: New Economy	of 62348

GLE If I may comment on the warrant issue. Let me direct everybodys attention to the Bid.Com bought deal in Nov. 1998. The warrants kicked in on Nov. 30 1998. If you all remember because I sure did I bought BII @ 5.90 that day. The brokerage house has every incentive to pump the stock up because when they exercise their right to buy the stock which is "In the Money." For example: Lets say GLE has these warrants @ 1.00. Well it is in CM Olivers best interest to pump the stock up right before the last day to exercise the shares so that their clients can turn around and sell the stock at a quick profit. Coming back to my Bid.Com analogy the stock dropped the day after Nov. 30 1998. I would have lost a lot money if I sold because the stock dropped by 10:30 A.M. Dec. 1 1998 30% to 40%. Just my humble thoughts...remember it is corrupt industry, just use that fact to your advantage and watch your back.

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