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

To: DaveU who wrote (8556)	4/22/1999 4:07:00 PM
From: the Chief	Read Replies (1) \| Respond to of 62348

Ok here is the logic. There was 7600 shares for sale at $9.55 and 17000 at 9.50. If those two bids had been taken out and taken out quickly from a brokerage dumping...then it would brake 9.50... then stops would have been hit, the only support level between 9.50 and 9.00 is $9.00...there is no other support level for GLE in this range, so if you were to take a chance, a bid of $9.05 would have been better, and if it wasn't hit in the last minutes and you want the stock, then just kick it up!! If they flushed the stock you might have ended up with a $9.45 buy and the stock closing at $9.00 or lower. But most importantly here stocks that close on downticks are bearish not bullish for the next day!! Hopefully I didn't ruin a buy for you, but the position of the buy was "precarious" to say the least! the Chief