Canadian Position Trading-looking for technical breakouts. Message Board

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Gold/Mining/Energy : Canadian Position Trading-looking for technical breakouts.

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To: Shack who wrote (63)	8/3/2000 8:59:28 AM
From: Technopeasant	Read Replies (1) of 128

Two possible candidates. Berkley Petroleum broke below 9.00 yesterday. Probably the result of an analyst cutting the price target while maintaining an outperform rating. Each time BKP has broken below 9 since late last year it has popped back quickly. Canadian Tire, CTR.a broke below 22 a week ago and broke 20 yesterday. Earnings due. Since its collapse a couple of quarters ago CTR has bounced off 19 a few times. If earnings are reasonable it may pop back well. Picking bottoms is tough, I'd wait until there is some move up before getting serious about either of these.

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