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Gold/Mining/Energy : BCE Blue chip growth stock
BCE 23.17+3.5%Nov 6 4:00 PM EST

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To: Dave.S who wrote (18)7/16/1997 10:34:00 PM
From: JKNF   of 275
 
<<I will follow your advise. Sell my long position out at $45, then go short and cover next week at $42.60.>>

Dave

Please be very careful I'm not an expert or a professional trader, it's just an opinion of the way I feel the stock will act. Please make your own decisions, I wouldn't want you to lose money based on my remarks here.

NTL has made a meteoric climb from a recent price of $92US to close around $106US today. The stock has climbed every day for the past week or so. Logic tells me that the stock should pull back and consolidate a little before resuming it's climb, thereby bring BCE down with it , even though BCE hasn't moved in concert with NTL's recent rise. BCE has been languishing way behind NTL, therefore playing a lttle bit of catch-up today, and should tommorrow as well.

By the end of the year, I would expect the stock to be over the $52.00 Canadian level.

Nice profit for all.

Regards John
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