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Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?


To: Matt Brown who wrote (2852)8/5/1999 11:25:00 PM
From: longtom  Read Replies (1) | Respond to of 5041
 
Matt, Very sound advice. Tom is a helluva guy, but a little to easy. Premature release of info. raises expectations, and in this split second, wired world we live in, if there isn't instantaneous follow through there's letdown. That said, I'll still be mining Scoob., Manny, and our captain for some inside skinny (and keep it to myself)...Tom



To: Matt Brown who wrote (2852)8/6/1999 7:22:00 AM
From: Jorjenzak  Read Replies (2) | Respond to of 5041
 
Thanks for the info Matt. DITTO, DITTO, DITTO. You got Tom nailed cold. I have tried to get it across to both the SI board AND to Tom that there is too much info coming out before PR's but all I end up getting is more info. <g>

I am as guilty as any of them and accept responsibility for it right here. I just make sure I don't trade until it comes out public.....which is pretty easy since I ain't got any cash to trade for stock. I even posted the www.sec.gov insider info stuff to the thread. It is just hard to hang up the phone on him or stop him and tell him you don't want to know...cause you do once he opens the door...any you just called to follow up on something in a PR.

I DO NOT think anyone is intentionally trying to get info out of Tom. But you know how it is on the phone with him.....he just starts telling you stuff and he is so enthusiastic that it isn't until you hang up that you go....hey....I probably am not supposed to know all this stuff. Together we will get him and the boards straightened out. :)



To: Matt Brown who wrote (2852)8/6/1999 10:15:00 AM
From: Mr Metals  Respond to of 5041
 
Dofasco Inc -
Post says Dofasco boosted by takeover talk
Dofasco Inc DFS
Shares issued 85,979,211 1999-08-05 close $28.45
Friday Aug 6 1999

The Financial Post reports in its Friday edition that two weeks after posting its best financial results in a decade, shares of steelmaker Dofasco continued to climb on Thursday as rumours circulated in the market that the company is in play. Reporters Stephen Miles and Barry Critchley say that Dofasco shares gained $1.40, or 5.2 per cent, to a 52-week high of $28.30 on almost seven times average daily volume of 250,000 shares. The stock has climbed 11 per cent in the past three trading sessions. After the market close, Dofasco, at the request of the Toronto Stock Exchange, issued a statement saying it was unaware of any factors affecting its market activity. Analysts, however, say there is talk that the Hamilton-based company has been shopping itself around to potential United States buyer. One industry source, who demanded anonymity, says Dofasco could reach up to $34 a share and a deal could come up soon. Michael Locker, a steel analyst at Locker Associates in New York, says there is persistent talk that Dofasco is looking for a suitor, but the buyer is still a mystery.

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com