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Lee Enterprises, Incorporated Message Board

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  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Jan 5, 2011 3:27 PM Flag

    Tight trading range.

     

    ... and about the 50-something-thousand on display at $2.50:

    That's a stunt I would consider pulling if I wanted to accumulate in the $2.40's. It works if you can get enough shares before canceling the sell order.

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    • You had best be comfortable selling at $2.50, if you're putting a sell order in. Otherwise, you're in danger of being considered to be "manipulating" the stock. Read the SEC regs on it. Intending to "induce" another market player to take a specific action, based upon an impression created, with your primary purpose being to actually take the "other side" of the market, is not a line you want to cross.


      On the other hand, it is perfectly fine to play market maker, which is what I've been doing the last few weeks...selling LEE at $2.48-2.49, and buying it at $2.41-2.42, for a razor thin "scalp" profit, that annualizes out very nicely.

 
LEE
3.01-0.01(-0.33%)Feb 27 4:02 PMEST

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