Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Jester who wrote (4946)	3/26/1999 11:54:00 AM
From: the Chief	Read Replies (1) of 62347

Been thinking about shorting BII for the eventual drop this aft Here is the problem as I see it. 1) The people that got tossed out from 13.15 down to 11.40 will be pissed!! Some bought there shares for 2.00 and will likely buy in at any cost this PM to prevent any announcements on the weekend from killing them. 2) The majority of buyers are probably US buyers knowing full well they will get a bump on the Nasdaq listing 3) BII's value "relative" to other auction companies is low. Trading at $11.00US right now....therefore, I expect that the stock will rise to $20.00 Canuck ($13US)in the short term. There maybe an opportunity for a short...but I would not short with this kind of momentum ("I" would not) You may see it differently! BII- $16.70 the Chief

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