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Gold/Mining/Energy : Position Trading in Canada

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To: keith massey who wrote (632)	1/27/1999 6:54:00 PM
From: Greg R	Read Replies (2) of 2259

Keith - Me admit? :)) - That I can't get the exact timing/magnitudes on these short term things no doubt. That is why I say INPATHIQUE is not a great day trading tool. - That the stock was about to have a correction, INPATHIQUE was right. - That Monday would be the best buy back, INPATHIQUE was right. - That I hoped the buy back would be $5.45 I was wrong. COS was definitely a disappointment as I only made 1.4% per day on the asset. My average is normally 5% per day. But nothing ventured, nothing gained. The two forecasts I made to you on Jan. 25 have not changed. "One that COS will be rising on February 5 and two that it will rise through a price of $6.65 during the day." As long as COS does not exceed an intraday value of $7.25 tomorrow, that call is still reasonable. The max value has to continue dropping by at least a proportional amount from todays high of $7.35 to the $6.65 each day. i.e., $7.25, 7.15, 7.05, 6.95 .... Time will tell, but one thing is for sure I am NOT long at this instant. Keep on smiling Greg

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