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


To: the Chief who wrote (6856)4/13/1999 3:56:00 PM
From: speculatingvalue  Read Replies (1) | Respond to of 62347
 
GLE-It's falling again. A lot of resistance at $4.00-$4.05.



To: the Chief who wrote (6856)4/13/1999 3:58:00 PM
From: Hart  Respond to of 62347
 
300 T.GLE @4.00 for 50 T.V at the last minute... had to go at mkt.

a good trade I think .. <albeit small, ya ya i know>

HART



To: the Chief who wrote (6856)4/13/1999 4:00:00 PM
From: New Economy  Respond to of 62347
 
GLE
If I may comment on the warrant issue. Let me direct everybodys attention to the Bid.Com bought deal in Nov. 1998.
The warrants kicked in on Nov. 30 1998. If you all remember because I sure did I bought BII @ 5.90 that day.

The brokerage house has every incentive to pump the stock up because when they exercise their right to buy the stock which is "In the Money." For example:
Lets say GLE has these warrants @ 1.00.
Well it is in CM Olivers best interest to pump the stock up right before the last day to exercise the shares so that their clients can turn around and sell the stock at a quick profit.

Coming back to my Bid.Com analogy the stock dropped the day after Nov. 30 1998. I would have lost a lot money if I sold because the stock dropped by 10:30 A.M. Dec. 1 1998 30% to 40%.

Just my humble thoughts...remember it is corrupt industry, just use that fact to your advantage and watch your back.