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Gold/Mining/Energy : Position Trading in Canada

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To: VisionsOfSugarplums who wrote (2181)10/24/2000 8:17:49 PM
From: Ward Nicholson  Read Replies (1) of 2259
 
NT:

I see NT is trading down after hours - we'll see where
it opens tomorrow. Futures continue to move down, doesn't
look great for the bulls, but that can change, too.


Well, well, well.

Almost every fund manager in Canada was talking up NT.
BUY BUY BUY! they said, interview after interview after
interview, ad nauseum. "It must be part of your portfolio".
"Our target is $150 CDN". What shit. Maybe people will
wake up and realize now that most fund managers are not at
all experts about the market. Why? They don't learn to
read the overall psychology of the market. Instead they
prefer to have sweet whisper numbers chanted incessantly
by their colleagues. Maybe 2 out of 10 advised taking some
profit off the table, but NOBODY put out a sell on NT.

I really don't care if this offends anyone, but I couldn't
be happier right now. The fact that this rising star has
been taken out and shot behind the barn just like every
other general out there means that we can finally look to
start a new bull market. I don't think it'll happen right
away, but at least the process can start.

In the not too distant future we may even be able to go a
few days without NT's price being mentioned in the media.

What a relief.

:-]

WN
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