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Re: pjf post# 90

Wednesday, 01/29/2003 4:57:38 PM

Wednesday, January 29, 2003 4:57:38 PM

Post# of 1578
Haywood has since 3 Jan bought net 1300k shares of ngt ... they've missed only three days in that time, the 16th, 22nd, and 28th ... today they bought 199.5k, mostly at .42 .... there's a pattern here, of disciplined accumulation, they don't chase it, they just keep putting in orders for moderate size at the second best bid, or third best bid at some points .... this is pro stuff

Today's top seller of 250k, National Bank, is actually still up 115k on the month [and up net 1126k on the aas] ..... January net seller list is topped by Canaccord, sold net 539k this month ..... in December they were flat, net sellers in November but only for 176k ... too many players in house 33 to make anything of it, but house 62 is another matter i think maybe

No house i ever heard of would count shares as borrowed more than once, they were pretty careful about their 'segregated' classification .... what used to happen, or so they say, is that some would just let you sell the shares and not settle up until the cover, they would tend not to worry about little details like finding a borrow .... but that was in the bad olden days -g- ... seriously, i think that's been illegal for some time now ... you had to know them well to do that anyway, and have lots of margin power in your account

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