TD - Toronto Dominion Bank Message Board

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Gold/Mining/Energy : TD - Toronto Dominion Bank

TD 80.93

+0.6%

3:59 PM EST

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To: M CAHILL who wrote (107)	2/19/1999 6:47:00 PM
From: Tony from Niagara	of 358

With respect to your post, IMHO TD sold off in 1998 because the whole Cdn market sold off from 1998/04. It was positively affected by the failure of the merger with CM. TD already trades at a P/E premium, yield discount to other Cdn banks: Ticker = P/E Ratio, Yield BNS = 12.20, 2.61% BMO = 13.64, 2.92% CM = 15.97, 3.32% NA = 10.65, 3.08% RY = 14.43, 2.34% TD = 17.87, 2.07% Data is from www.canada.bigcharts.com at close of 1999/02/19. Still, TD is technically the strongest Cdn bank. It is the only Cdn bank in a clear up trend and the only Cdn bank significantly above its 200 MA. The current up trend which has existed since 1998/10/05 has upper and lower bounds of 74+ and 60+, respectively. The baseline slope increases at 10+% per month. The 1998/04/16 high of $74.75 remains to be tested. At present it represents potential resistance.

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