Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: JAS who wrote (146)	12/13/1998 9:44:00 PM
From: keith massey	Read Replies (5) of 2259

Agree with people that ATY looks weak and ready for a drop. Almost every indicator I could find is saying sell. Looks like it may be forming an island gap which is a huge bearish signal Just wanted to point something out. I have heard many people mention that if a stock drops to a certain point in the next couple days/weeks/months it is a screaming buy. This site is about Momentum Trading in Canada. I though the rule to live buy and never break was the trend is you friend. I like PRX and believe at $1.80 it looks great. However if the stock is still trending down at $1.80 I'm not loading up. Not until I see a definite bottom (huge drop on high volume) or a definite turn around in momentum am I going to buy. How do we know oil isn't going to $5???? The same goes for stocks like AC. I was following the AC site when people were loading up at 11,10,9,8 because it was a screaming buy at those prices. They did one of the worst things you can do --- ignore the trend. Just one guys opinion Best Regards KEITH

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