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Gold/Mining/Energy : Position Trading in Canada
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To: Le profiteur who wrote (1403)6/30/1999 12:53:00 AM
From: Ward Nicholson  Read Replies (3) of 2259
 
BBD.B:

Sure, it makes sense. I was thinking of more of a short-term
outlook when I mentioned it might bounce to $23. Here at $23
I'd be inclined to take profits, or go short. The volume today
was not impressive. It reminds me of the action on 15Jan99.
I still think we'll see weakness over the summer. During the
next 5 days of trading I'm anticipating that we might see prices
between $23 and $23.50, but myself I'm not taking that as a
signal to go long. All said, I guess I don't think this correction
for BBD.B is over.

Thanks for your response...it gives me a chance to look at the
trading from a different perspective.

WN
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