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Gold/Mining/Energy : Angoss Software Corp. V.ANC -- Ignore unavailable to you. Want to Upgrade?


To: Crazy Canuck who wrote (716)10/20/1999 1:33:00 PM
From: Crazy Canuck  Read Replies (3) | Respond to of 1006
 
Very soon after the news broke about the award in favour of Angoss, I was watching the market depth on the stock.

What I found most interesting is that Cannacord had not purchased any shares last month or today. When I looked I saw that they had put up 10,000 shares for sale at .25 and 50,000 for sale at .26.

Then they went loaded up the buy side with 10,000 at .21, 10,000 at .22, and 10,00 at .23.

What this tells me is that they wanted to own it and were attempting to put a ceiling on the stock so that it wouldn't run and leave them behind. This approach is in my opinion an attempt to pick up some shares before the move up really takes hold. What is interesting to me will be to watch what happens to the demand for the stock when the rest of the world, and Angoss's business partners find out that this dangling dagger has been removed from over their heads, and they now have a real positive here.

It is very good to know that this is a solid company with a great future. I wonder how long these positioning games will be able to hold this stock back? If someone had a mind to, I bet they could take out these blocks just for fun. Hmmm, a small short squeeze would probably be fun to watch.

Crazy Canuk

EDIT: I see Cannacord just got their first 10,000 at .23!