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Gold/Mining/Energy : TECSYN (Toronto-TSN)

TSN 58.90

+0.5%

12:45 PM EST

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To: Ward Nicholson who wrote (49)	11/12/1997 11:22:00 PM
From: Andre Koluksuz	Read Replies (1) of 78

Ward, very nice point. I couldn't agree more on your observations. Yes, the market is so lousy that nobody wants to buy anything right now other than the vultures who are trying to pick up ridiculuos bargains. It is very positive that TSn did not go down today, as was the case with almost all the small caps. When the Asian flu goes away, TSN will contuinue its way up on the trendline. As for the consolidation, think about this ; company also announced yesterday that it will continue to buy back its shares ?. Are they silly to put company's cash into their stock if they believed consolidation would hurt it. For those of you who may know , take the example of Magellan Aerospace (MAL on TSE). Very similar to TSN , great turnaround story. They had a 1 to 5 consolidation when the stock was about 1 dollar, which put the stock at $5 after consolidation. Less than a year later today the stock is trading between 10.00-11.00 range.

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