Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: the Chief who wrote (887)	10/22/1998 2:11:00 PM
From: keith massey	Read Replies (1) of 4467

Hey Chief I have been eyeing ATY all day. Good flip on your part. I didn't have the guts to pull the trigger earlier today. T.A on the long term chart was telling me this baby is going lower in the short term. The drop yesterday on high volume after a run-up was my key indicator that this one has a ways to fall. n addition the stock gapped down today and didn't fill the gap within the first couple hours which is also a negative sign. Hoever we should see some good support around 11.90-12.10. As for the fundamental reason ATY is dropping??? I haven't got a clue other than to say the overall market is bad (in case you haven't heard). I like their products, earning are good and inline with expectations and their debt to equity ratio is still decent. However I am learning quickly that technical analysis rarely lies. I may try a flip later on in the day if we see another fast selloff. Good luck and good trading. Best Regards KEITH

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