Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: Ward Nicholson who wrote (1072)	5/11/1999 6:32:00 PM
From: keith massey	Read Replies (1) of 2259

Ward I lost my cool on that stock several times today...just when you think you know what it is going to do it does the exact opposite. I dumped all of mine when it broke $25 which I thought was a support level that was going to hold (stopped out - in at $25.10-25.60). I watched in horror as it crashed to $23 and was to slow or stupid to catch the bounce near the bottom and finally got back in at $24.70 and sold half a $25.50 near close. The other half is medium term unless I get stopped out before then. The past 5 days have taken see almost 3 billion taken off the market cap and 9 billion since it's high in July last year. Those are some serious market cap losses. I would not want to be working at NCT management right now. I have given up trying to find the bottom but today's hammer on volume was a positive bottom sign....however tomorrow may yet tell another tale. I'm still down for the day because of NCT...my first losing day in a long time and it really sucks. Best Regards KEITH

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