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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: norm roberts who wrote (7417)4/17/1999 10:27:00 PM
From: keith massey  Read Replies (1) of 62348
 
it is scary.the dump's were between 700-2500

I flipped several blocks of 700-2500 between $9 and 10.50 on Friday but still hold a nice block for Monday morning. If you follow the people posting in the past few days that have been talking about GLE you would probably know that many of us aren't true "novices" by definition and have been in the game for a little while. When I saw this news come out on Friday I knew this would be absolutely huge even before it opened for trading. I rode the first wave from open to $14 for a nice profit and played the bottom ($9) the rest of the day. However I think Friday's volume and volitility will pale in comparison to next week. Monday morning is going to be a blast as everyone who missed out of Friday is going to be gunning for a position. That is a lot of market orders. I guess open at $12.60 with a run to $17 in the first 20 minutes followed by a pull back. After that it is anyones guess. Ballard has been a retail dream stock and few will want to miss being on the bottom of the next possible Ballard. Will GLE succeed...I don't know but I do know that this story has all the pieces to draw in the public.

Best Regards
KEITH
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