Transat A.T. (TRZ/TSE) Message Board

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Gold/Mining/Energy : Transat A.T. (TRZ/TSE)

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To: Marc Fortier who wrote (31)	9/14/1997 11:35:00 AM
From: John Stopforth	of 88

Salut Marc I would consider myself a fundamentalist as well, I buy on good earnings growth and sell on bad news. However, after years of investing I can't ignore technical analysis and for the last five years I've analysed all my stocks using a forty day average, Bollinger Bands, cumulative volume and candle sticks. I'm still new to candle sticks so I can't juge a stocks action with this indicator. Technical analysis works best between earnings periods, say two weeks before a release, one can get an idea of insider buying or selling. I look for a double top, with the second top lower than the first, a head and shoulders or if the lows are lower and the highs are lower. I've just done my analysis on TRZ and all the indicators look positve. The chances the stock will go up are very high and the chances of it going down are very low. I would buy more except for one thing, I try to average up only, not average down and since I bought at $10 and some at $12.50 I won't buy more until the stock passed $12.50. I've got to mention I did technical analysis on resource stocks and it was a complete disaster, another reason to stay away from that sector. Bonne chance John

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