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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Bill Rinker who wrote (1326)	6/22/1999 10:46:00 PM
From: Ward Nicholson	Read Replies (1) \| Respond to of 2259

ALG: I know you mentioned this one a few posts ago, but I hesitated to respond simply because I don't have a good feel for the steels right now. ALG looked like it might bounce at the $2.00 level, but it also looks trapped and bound to run into a ceiling at $2.70 (or lower). Back in December I was bullish on ALG and it had a good run, but the trading range since the beginning of February has lulled me to sleep. I normally don't trade patterns like ALG's current trading range because it's an area of trading in which I generally suck (read lose $). That being said, perhaps someone else could provide their viewpoint. WN