Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: kingfisher who wrote (3806)	2/11/1999 11:20:00 AM
From: Wizzer	Read Replies (2) of 62347

ETN: In mid January, Eaton's closed their stores to do a full and complete inventory of their stock. Normally, employees will stay late into the night and complete inventory calculations while the store is open. I thought that there were only 2 strong possibilities for this action: the creditors wanted to determine book value to evaluate the security of their outstanding debts, or a takeover. Pre-bid this morning was indicating an open of $7.25 which is the suspected bid, but opened at $6.30. Uncertainty is causing the stock to range in roughly a $1.50 range or so. Regards, Wisam

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