Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: Ward Nicholson who wrote (1851)	12/23/1999 12:27:00 PM
From: keith massey	Read Replies (4) of 2259

Doing a little "gambling" and took a position in TCS at $6.25-6.30 with a fairly wide stop limit just below the next major support. Playing this one off the chart with a hope that news will cause a very nice pop in the next couple of weeks. Looks like it may have found bottom at this level and formed a big symmetric triangle on the 15 day chart. Of course my fingers are crossed that this is a bottom and that is why I called it a "gamble"...it is on the trendline and offers and volume have thinned right out and we appear to be basing so I thought this was a good place to try it out. Plus they just arranged a small PP at $6.50 a couple of days ago which give a little more evidence of a bottom (kind of) On Dec 17th they mentioned In line with these strong e-commerce results, the company has recently signed several new e-commerce contracts and plans to announce them, pending customer approval of the announcements, in the coming weeks Now lets hope I don't get stopped out before they get this news out.... Once in a while I like trying this type of play out. Best Regards KEITH

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