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North American Palladium Ltd. Message Board

  • kajunguy2 kajunguy2 Aug 5, 2008 4:07 PM Flag

    $4.20 close!!!!, jumped .$.51 after bell!!!

    somebody knows something...manipulation at its best.all those poor people who sold... ummmmm

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    • They report in the morning before the bell.

    • Note that after the 24,400 shares traded at $4.20, there was another 54,700 shares that traded at $3.706.

      • 1 Reply to carl_p_r2
      • Carl,

        Thanks for taking the time to share the breakdown of PAL's after hour trades. Very instructive, don't you think? It tells me that the price of PAL can make rapid, sharp, moves at any time, and in either direction. So IMO the wise move would be to have standing GTC limit buy and sell orders that would be executed during future similar sharp moves by PAL. This would require the necessary discipline to wait for these situations to arise from time to time. Of course PAL is not the only stock that moves (or is kicked around) like this, so a similar approach should be considered with other stocks that have a volatile history. Over the years I've found that my standing GTC limit orders are frequently executed, and that they have contributed significantly to my overall trading profits. I could cite many examples, but some here would question the validity of my experiences. IMO those that are rather new to trading should try to learn from today's PAL price movement so that they can reap the benefits of future trading opportunities that may arise. SS

    • "manipulation at its best"

      Not really. You have to admit that this daily tape-painting is pretty transparent, so I'd hardly call it very good manipulation. Nevertheless, we do keep seeing someone trying to manipulate this stock up by putting through bogus above-market trades right after the close. If it's the market makers doing it, which it may be, it may be a signal that they have excess inventory, and they are planning to open the stock at $4.20 tomorrow and sell into any demand that materializes. If it's like the other tape-painting days, the manipulation won't have a very effective or long duration, and the stock won't take long to be back at $3.70. We shall see, but at least for tonight I can pretend I'm almost back to breakeven. I played with this garbage stock twice before and got lucky, but coming back for a third time was one too many, it seems. Ah well, you can't win them all.

      • 1 Reply to carl_p_r2
      • that was not a bogus print at 4.20. that was 387,000 shares. THe MM cannot print 4.20 @387,000 shares if he doesn't have an order. That will get him in jail right quick. He filled the order from the existing limit ask orders that he had. That's all he is allowed to do. Whether that ask @420 shows on level II makes no difference. If the MM bid 4.20 with his own funds, so be it. He must know something then don't you think??


    • The games we play! This is just one more example of why we must be patient and wait for moves like this one. Just think of all those longs that capitulated (threw in the towel) over the past few days. Those slimy MMs and traders will pick their pockets every time. Now the shorts should scramble to cover tomorrow, driving the stock price even higher. With a little luck, my margin call should disappear and my account will turn green again. We can expect a similar move in SWC at any time. Perhaps it would be a wise move to now pick up some additional shares of SWC. SS

    • Some one must know something about the quarterly earnings!! Great! Go PAL!

    • This nonsense is getting boring. Every second time this stock jumps after market close ... to have a next big dive the next day

0.2559-0.0041(-1.58%)Aug 21 4:00 PMEDT

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