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

To: Ward Nicholson who wrote (1335)	6/24/1999 1:22:00 AM
From: Andrew	Read Replies (1) \| Respond to of 2259

AXL. Nice move today that may continue tomorrow. Volume is a little lower than it has been over the last two weeks but it looks good and closed above 10 day MA.

To: Ward Nicholson who wrote (1335)	6/24/1999 1:11:00 PM
From: Friend	Read Replies (2) \| Respond to of 2259

PRX Took a small position in it today. Looking at the historic chart it seems to have very solid support at this level and should bounce back hopefully in a week or two. Price of oil has moved up nicely over the past few months, but so far this company has not enjoyed the rally. Fundamentally, its breakup value is in excess of $1. Company is currently over levered but have taken steps to reduce debt (sale of gas plant and assets) LTV - looks like this ones heading back to its support level of $22 again