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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Swami who wrote (17948)	7/2/1999 9:42:00 AM
From: keith massey	Read Replies (1) \| Respond to of 62348

Swami... NCT...Just a note of caution. If the deal is axed now the stock will be halted and drop $3-8 on open and may not recover. The book value may be $18.90 on paper but they have tons of debt. For reference, LWN had a book value of $11 8 months ago. I got sucked into this one a while back with similar thinking to what you are doing now. You seem fairly confident that the deal is going through but I think it is a little more on the shaky side from everything I have read. I am only mentioning this because you said you were in really deep. Is it worth the risk of being in a stock that could be halted and drop dramatically out of the blue? Hopefully I am wrong and the deal is done at $39....remind me and I will have my regular crow lunch. Best Regards KEITH