Promotional guys playing games Anyone who looked at the Market depth today will have noticed that virtually all of the shares offered were "ANONYMOUS" and as the stock declined , the "ANONYMOUS" offers increased. Most people who look at this could be scared into selling as I'm sure some were as the share price dropped from 15 cents to a bid of 11 1/2 cents before recovering to a close of 13 cents.
It'll be interesting to watch tomorrow's trading pattern and to see whether the 550k shares offered by anonymous (between 13 1/2 and 14 1/2 ) are still there or whether they disappear if an uptick develops.
It'll also be interesting to see when News comes,the nature of the News Release and whether the Brazilian diamonds are for real or just a good Promo. Time will provide the answers but we'll probably never know who the "anonymous seller(s) " is and/or are and the reasons for putting their shares up for sale.
MD
Market Depth By Order For IIE as of 2006-10-05 15:59:13
Special terms orders and non-boardlot orders do not appear in the Market Depth by Order.
Bid Ask
Broker Volume Price
71 Brant 100,000 0.12
7 TD Sec 30,000 0.12
62 Haywood 20,000 0.12
36 Latimer 50,000 0.115
33 Canaccord 30,000 0.115
46 Blackmont 1,000 0.11
54 Global 30,000 0.11
6 Union 14,000 0.11
33 Canaccord 55,000 0.11
7 TD Sec 80,000 0.11
Price Volume Broker
0.135 38,500 1 Anonymous
0.135 75,000 1 Anonymous
0.14 13,500 1 Anonymous
0.14 45,000 1 Anonymous
0.14 40,000 1 Anonymous
0.145 30,000 83 Research Cap
0.145 50,000 1 Anonymous
0.145 45,000 88 E-TRADE
0.145 34,500 88 E-TRADE
0.145 10,000 7 TD Sec