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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing
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To: Dennis Lefebvre who wrote (431)8/7/1998 3:13:00 AM
From: Steven Ivanyi  Read Replies (1) of 633
 
MAL is falling because of its own weakness which stems from weakness in the Toronto market in general. I short a stock the technicals of the the stock itself and the potential direction of the market in general as well.

MAL is a fine co no doubt. But I have found fundamamentals or "funnymentals" meaningless in most situations. That is my personal observation and experience. I have invested in stocks with great fundamentals only to loose money. Now I stick to technicals and market direction. One rule you should never forget is never argue with the market because you will always loose the arguement. The market is always right. You fight the market you will loose money. B uy when the market is going up sell when it is going down. Simple. Not really because people have a need to be right ie. the ego. One must be a humble servant of the market. Most of the great traders are simple but servants of the markets they trade.

Steven, just my thoughts
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