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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Steelguy who wrote (454)	11/30/1998 12:14:00 AM
From: keith massey	Read Replies (1) \| Respond to of 62348

Going to go out on a limb and make a Monday morning prediction for BII. With so much hype in the papers and on the net I believe BII will gap up $.50-.80. There are going to be very few retail sellers tomorrow since most think this stock is going to the moon and all the weekend stock picking quarterbacks are going to be placing market orders. I wouldn't be surprised if the market orders pumped the stock up to the $6 mark within the first 10-15 minutes. This will be followed by a very very quick pullback caused by institution selling and shorting and a couple stop-losses being hit. Just my opinion, but placing a market buy order could be the kiss of death since you may not get filled at opening but instead 5-10 minutes. Don't forget that a market order doesn't mean you will always get filled at the opening price. There could be hundreds of market buy orders on Monday and you could be last in line. I can't make any predictions for what will happen after 10:30-11:00 but I would be surprise if it closes lower than Fridays close. Of course I could be wrong on everything I just said since it is all based on instinct. Monday will tell the story. I'm still holding 1/2 of the stock I bought at $4 on Friday. Best Regards KEITH