CARMANAH RESOURCES LTD ( CKM - TSE ) Message Board

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Gold/Mining/Energy : CARMANAH RESOURCES LTD ( CKM - TSE )

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To: Orwell who wrote (203)	6/18/1998 4:36:00 PM
From: ddcox1	Read Replies (1) of 269

Sounds like were on the same track here. I agree a 20 percent dip may make a great buying opportunity for the big Blue Chips. Im also on the same mind about the pundits. I would like to know what their drinking. Please send me a bottle! Lets face it, profits are being squeezed on both sides. Low commodity prices and Asian dumping of goods is going to force prices down. On the other side you got wage pressures from 4.3% unemployment. The only reason the Dow is rising now is that there is so much mindless money. Once the masses find out that there is such a thing as a market cycle and not an endless bull,we will be going down fast and furious. Getting back to Carmanah, this is just another example of a small cap stock with good fundamentals, but to much share float and too small a following. A stock like this when good is really good, when its bad its really stinks. I still wouldnt buy it. It may rally in the short term, but once the market begins to correct its going to be slaughtered again. So Im going to sit back in cash, throw a steak on the barbaque and enjoy the summer and not worry about the market. I offer a toast to the greatest bull market in history. Its been glorious!

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