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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Swami who wrote (52962)8/16/2001 9:32:24 AM
From: the Chief  Read Replies (1) of 62348
 
Chief did you buy NT 1/3@10.80 as stated wish previously?

No I have not Swami. I noticed a change in momo on NT that worried me and said so in this post

Message 16139627

It probably coincided with the "feelers" NT was sending out looking for the $1 billion in financing. Obviously they were given the word by Oppenheimer that the market would look favourably at a $10.00 conversion. Anyway something caused it to reverse quickly shortly before my last post. So I have not bought my first third, yet.

I have however, started to buy Sierra Wireless and JDU. Descartes will be bought as soon as we get near the August 21 financial report. I think I can get DSG for 8's by then??? I will buy GLE but want to see it firmly above $9.00 before I buy. I am not "watching" the tick by tick of the markets so don't want to buy a quick short cover and then watch it drift back down.

I would rather by NT at $11+ in a change of trend then buy a third now with the "lack of positive news and lack of upward momo" that it presently is in. But I'm not the expert on NT, Paquet has it wired.....the only problem is he has it wired 180 degrees out of phase. So as soon as Paquet gets bearish on NT when it breaks $10.00....buy!! LOL

Tell Paquet I have saved enough money "not buying NT when he did", that I can afford "upgraded shingles" and may even buy upgraded doormats....ROTFLMAO

I got "smoked by GLE" got caught holding 1/3 @ $19.00 after taking 3/3 from $13.00 to $20.00. Sprott is still dumping so I'll wait...no idea if thats "smart or not".

The only thing I see at the moment is that I think the recent firmness on some of these teckies, is giving me the impression that we may go up from here, so I am buying some now. I will wait for CSCO to firm up before looking seriously at NT. I get this distinct impression, they have one more shoe to drop and positioned the $10.00 paper before announcing it....just some Swami like sense (spidey) but it could be I have consumed too many Margarittas on the job...LOL

NOTE- I am not signed on in any IRC channel anywhere. Someone..."maybe" the biggest child we know....is signing on with a similar handle to mine on IRC. I will either join an existing private DT channel or start another one up , when I return, or if this thread returns to DTing only, then I will return here as well.
Good luck all!

Dennis
(the Chief)
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