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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: keith massey who wrote (11892)5/8/1999 5:11:00 PM
From: DaveU  Read Replies (1) of 62348
 
NCT,
Well I bought 4K at 28.05 & 28.00 at the close on Friday. It was a little tense watching it as it dipped to 27.75 and a big slew of sells came in in the last 15 minutes. But by 4 the sellers were gone and the ask rebounded to 28.40 with 20k on the bid at 27.85. Thinking that there is strong support at 27.85 area and the stock may rebound on Monday. Anyone thinking differently, I know it is usually a good sign that when a stock closes low it will gap lower. But I got the distinct feeling the stock was manipulated lower on the close to load up on shares cheap. My guess that 200k shares traded in the last 10 minutes between 27.75 and 28.00. How would you go about investigating if the theory is half baked or accurate.
DaveU in Vancouver
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