Re: Market activity
in response to
by
posted on
Nov 05, 2007 06:50AM
The recent major Probe seller continues to supply shares to the market. "Chunkie" likes to work with 25M share lots. It remains to be seen who this entity is, if we ever know.
When Noront had a trading halt last week pending supposed news on drilling from DE, Probe rose in anticipation. Thanks to an excellent and timely post from a member on Noront's board it was correctly speculated that the NR was on drilling results from Noront's gold property. The Probe market voted for positive news from DE and they were wrong. As the stock rose Chunkie disappeared for awhile but rerturned at lower prices. You would think that a seller would be participating on strength and not in, basically, a quiet market.
Either Chunkie doesn't know how to handle an order or is a short seller. Take your pick.