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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (676)10/5/1998 7:50:00 PM
From: Kevin Hamlin  Read Replies (2) | Respond to of 4467
 
I played HPC on Toronto today. Now for those who want to see/learn about a selloff gone haywire, take a look at the trades. Either there were a bunch of stop losses that got taken out, or just a bit of panic selling or both....but either way the stock got knocked down from $1.15 to .65 and then closed the day running back up to .99 Basically, when the sells came in there was just no one positioned to buy... momentarily. I imagine the poor soul who sold at .65 didn't have too good a day!

At any rate it's a good display of the kind of opportunities that present themselves in a silly market. HPC is still down close to 15% on the day, so I imagine there will be a good bounce tomorrow on it. Silly, silly silly, but for those who can move quick, a $wealth$ of opportunity.

Kevin