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Bullboard - Stock Discussion Forum Cipher Resources Inc DREXF

"Dorex Minerals Inc is engaged in the acquisition, exploration and development of mineral property assets located in British Columbia."

GREY:DREXF - Post Discussion

Cipher Resources Inc > Posting the bids/asks
View:
Post by lsnice on Jun 05, 2008 4:25pm

Posting the bids/asks

Thanks for posting the bids/asks today, I suspect the 100K+ buy at .165 is the same daytrader/dumper from yesterday who waits for it to rise a couple of cents then sells at whatever the bids are that are above .165, therefor running the SP down again to that level.  Hopefully people keep their asks above that what they are offering.  It would be most helpful if you see a change and post it again....I don't trade enough to pay for level II, thanks for sharing.  Oops I hope that's not you....I'm a long.

Comment by GDAWG77 on Jun 05, 2008 4:32pm
Yes I see that 100k bid, and im sure its not a long term shareholder, just a penny flipper. I wish I had level 11, then I could see the exact house and then we would know for sure. Dont worry its not me, i got a nice sized position and not 1 share gets sold until all the results are out.
Comment by RandomAttractor on Jun 05, 2008 4:33pm
yeap,  you are right.. I'm also a long.. this is what I got from stockwatch.. 15:54:35     V     0.175     +0.005     10,500     33  Canaccord     1  Anonymous     K 15:44:11     V     0.175     +0.005     500   ...more  
Comment by RandomAttractor on Jun 05, 2008 5:12pm
how much of the volume that we have seen lately is caused by anonymous and  Canaccord selling to each other and themselves??.... they are def trying to pump the heck out of this stock through volume.. I don't have level two access so I don't know whats going on... any thoughts ?
Comment by GDAWG77 on Jun 05, 2008 6:38pm
Well heres the issue, were trying to fight 2 battles at once. On one side you got these penny flippers like Cannacord, Penson, and TD who keep buying first thing in the morning at .165-.17 and selling at .18-.19, THEN you have this anonymous thats been dumping since the start of the month, who I think are warrant holders, because they wont go below 14 cents, otherwise they lose money. But ...more  
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