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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: Miner who wrote (9902)	6/21/2002 7:59:48 PM
From: Montana Wildhack	Read Replies (1) \| Respond to of 14101

Sorry John, I didn't mean jump in. The $3 point is a big one. There is reason to believe there is no exit going on. First of all I'll steal DI's last 10 minutes of trading: 16:14 2.400 95 OLT TD Securities TD Securities 16:14 2.400 27,300 -0.970 TD Securities TD Securities 16:11 2.400 1,000 -0.970 Independent CIBC 15:59 2.400 1,000 -0.970 Independent CIBC 15:59 2.550 800 -0.820 TD Securities TD Securities 15:59 2.550 200 -0.820 TD Securities TD Securities 15:59 2.550 500 -0.820 TD Securities TD Securities 15:59 2.550 400 -0.820 TD Securities TD Securities 15:59 2.550 1,000 -0.820 Independent TD Securities 15:59 2.560 400 -0.810 TD Securities TD Securities 15:58 3.050 1,000 -0.320 Independent CIBC 15:57 3.080 1,000 -0.290 Octagon TD Securities 15:57 3.250 1,000 -0.120 BMO Nesbitt TD Securities 15:57 3.250 600 -0.120 CIBC TD Securities 15:57 3.250 400 -0.120 CIBC TD Securities 15:57 3.250 1,000 -0.120 CIBC Octagon 15:57 3.260 300 -0.110 Scotia TD Securities 15:57 3.260 700 -0.110 TD Securities TD Securities 15:56 3.260 1,000 -0.110 Scotia RBC 15:55 3.260 1,000 -0.110 Independent Octagon 15:55 3.300 200 -0.070 Scotia TD Securities 15:55 3.300 2,500 -0.070 BMO Nesbitt TD Securities 15:55 3.300 2,500 -0.070 BMO Nesbitt TD Securities 15:55 3.300 1,100 -0.070 CIBC TD Securities 15:55 3.300 400 -0.070 CIBC TD Securities 15:51 3.300 53 OLT Independent Merrill 15:49 3.330 1,000 -0.040 Scotia TD Securities 15:49 3.330 100 -0.040 CIBC TD Securities There was nothing on offer between 3.05 and 2.56. Yet TD went for it on exactly 3,300 shares after the 3.05's went. If this was an exit those 14,000 shares bid at 2.40 which arrived some 10 minutes after the close would be long gone. There will probably be a comment by DMX on Monday morning. I would think the TSE will inquire given the 28.7% drop. Its clear that there were a tiny number of bid's below 3.25 going right down to 2.40 and someone took them out. At 3:56.5 the bids were: 3.26 1,000 (sold 3:57) 3.25 3,000 (sold 3:57) 3.08 1,000 (sold 3:57) 3.05 1,000 2.56 400 2.55 2,900 Only 1,400 shares were wanted right down to 2.55. That is the truth I need to take in. Someone took advantage of that. That part I understand. No one is bailing. The drop was on a pittance of volume. If there was bailing going on those 2.40's would have been gone in 10 seconds - not sit there for 1/2 hour and not trade. Anyone shocked by the cross? Wolf