Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: TheMajor who wrote (1975)	1/20/2000 1:41:00 AM
From: Ward Nicholson	Read Replies (2) of 2259

LDM: ...I have no idea where the next support is... I'm a techie and I don't have a clue. These are uncharted waters from my perspective. My chart only goes back to 1986. That is pure negative momentum out there. People can rant and complain all they want about it being undervalued, but the fact is that fund managers are angry and wiping LDM off their books in favour of something making new highs in the tech sector. At some point the selling will dry up. Biggest fear is some Brit or US outfit fires up a take-over bid which, even at a premium to today's pathetic price, still leaves me underwater. Not an enjoyable thought. I can see it now...some dot com company that allows you to buy bus tickets online, with a market cap of 14 billion and no earnings, makes an offer to buy LDM using stock as its currency. Puke. WN

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