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Gold/Mining/Energy : Consolidated Silver Tusk Mines Ltd.

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To: NAUGHTY NOTES who wrote (1919)6/6/1999 9:57:00 AM
From: Brian MacDonald  Read Replies (1) of 2229
 
NN,

Why would someone (thru broker - 16 Yorkton) wait until 1 minute left in trading on a Friday afternoon, to dump a whole bunch of shares at market (i.e. they hit the bid all the way down from $0.69 to $0.60), so that $0.60 is the final number that shows as the close, when almost all day long CKS traded in the high $0.60's and low $0.70's?

I can see a 'cross' late in the day for a relatively large number of shares, but hitting the bid this late in the trading session, thereby driving down the share price, makes it look like someone is trying to 'paint the tape'.

Anyone have an answer?

Tia,

Brian
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