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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: the Chief who wrote (3391)2/3/1999 3:10:00 PM
From: Buckey  Read Replies (1) of 62347
 
Chief - I have been doing the same thing and also checking with one of their largest customers to see if they have perhaps lost the business - From what limited knowledge I gathered there - Nothing is wrong other than some folks wanted out.

That news does not warrant a 37% drop in price. The NR did not say below estimates - It said towards the lower end which was $0.87 per share.

This is the issue with a thinly traded tightly held company - somebody wants out - the supply far out weighs the demand. I bet this is an Ontario Teachers Pension fund holding. Looks like something down their alley.

Anyway - I can sleep soundly overnight on this one

( I was gonna say sleep like a baby) But that would mean I would be up all night crying and wanting a drink - as I have 2 babies - LOL
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