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Gold/Mining/Energy : Francisco Gold - FGX.V -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (1273)3/7/2001 11:19:01 AM
From: Andrew  Respond to of 1907
 
Looks like he finally got out of bed. I was getting worried about him.



To: Claude Cormier who wrote (1273)3/7/2001 11:27:54 AM
From: I_C_Deadpeople  Read Replies (2) | Respond to of 1907
 
Here is something I find interesting with this type of stock. On the ask side, there are 2,900 shares to $8.00 for a total cost of $16,585. Now take someone who already has a substantial investment in the company, say they own 25,000 shares at a $4 cost. If they place an order for 2,900 shares will it get filled to $8?
Now, I actually did this with a junior a year ago. I run a small junior mining investment club and I did this as an experiment. A stock I owned was at .20 or so, but it only took a few thousand shares to get it to .37. I bought those shares and lo and behold I was a little market maker. What was really funny was the "buzz" it created on the forum pages - so much talk about "something being up" or "somene knows something". In this case, the stock price did not hold for more than a week or two but I was able to sell out at a nice profit and buy back cheaper.

Just wondering if anyone else ever tried this or thought about it.