transcanada pipelines (TRP) Message Board

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Gold/Mining/Energy : transcanada pipelines (TRP)

TRP 55.80

-0.1%

Dec 24 4:00 PM EST

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To: re3 who wrote ()	12/3/1999 4:05:00 PM
From: Digital-Fluid.com	Read Replies (3) of 292

New low at C$15.50 All the smart money (e.g., institutions, mutual funds, & me) are dumping this loser and it will go down much lower. There are way too many negatives: - The 7.2% dividends will probably be substantially reduced when the next earnings are released. - Earnings per share will continue to be disappointing, probably below the dividend pay-out. - Tax loss selling will accelerate this month. Many investors will want to offset their huge capital gains on BCE & other high-tech companies with huge capital losses of TRaP. - Retail investors will finally learn the important rule of not catching a falling knife and to dump your losing stocks early. - Year 2000 is only 28 days away. TRaP has a high exposure to any Y2K problems. There have even been reports of some loonies planning to blow up pipelines on January 1. - TRaP's wimpy investors will finally wake up in the year 2000 (if the world still exists!) and try to oust TRaP's incompetent management. Unfortunately, this instability will not help the stock price much. I know some retail investors who can't stand taking a loss, but they will become even more miserable when this loser goes below C$14.

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