Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: james paterson who wrote (2140)	6/26/2000 7:07:00 PM
From: Ward Nicholson	of 2259

RIM: I agree with you on it being a possible short, but also dangerous in the short-term. Technically, I think RIM still has the possibility of blowing off steam up to $100-$115, possibly even up to $150 again during the next several months. However, I'd be looking to short the techs closer to Xmas given the tax-loss selling that should come to bear on this sector. I can't really comment on RIM fundamentally...it's just not the way I view the market. Sentiment-wise I think the danger is on the upside. Many have sold off RIM in fear of a lackluster earnings report. The surprise would be a quarter better than expected and a subsequent rally in the stock. WN P.S. I reserve the right to be completely wrong. :-P

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