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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: RSkarsten who wrote (938)	12/11/1998 10:26:00 AM
From: Ed Pakstas	Read Replies (2) \| Respond to of 15703

>>>Also, is it the size of a particular order that determines the likely hood of a house shorting instead of on of its customers?>>> Not necessarily...99% of the time a House will not act independantly...They will act on behalf of a client... Most of these houses make their big money arranging financings and dumping of shares on unsuspecting little guys, especially when they have a client that walks in with 1 million shares or so to unload agains delivery of option stock... Dependant on the speed of the rise in share value and the story behind the rise, sometimes those guy's will throw out a BS block of shares above the posted offering price in order to flush stock out... This can be viewed in more than a few ways... A couple of which are: More accumulation or covering a short that went bad...They'll also do the opposite when they want a stock to go up... Shorts will usually feed out a little bit at a time on the way up especially if they believe the story to be BS...They cover on the way down... In the case of ARP... Boy did they get their butts burned...:-))))) ...ed