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

To: Thomas Tam who wrote (1463)	8/8/1999 11:58:00 PM
From: Ward Nicholson	Read Replies (2) \| Respond to of 2259

JDU: I think JDU still has lots of upside in the longer term, but I'm quite wary of the short-term for any tech-based stock. Seems to me that even the best tech-based equities will perform sideways at best for the next month. I honestly think we have the makings of a 1987 right now. The NASDAQ could easily fall to 1800 - 2000 if the tech selling starts to snowball. I've got Aug. 24th (the next U.S. FOMC meeting) pegged as a date to wait until taking any longer-term positions in the tech sector. This market is psychologically primed for a good wash-out. I'll bet the "analysts" blame Y2K. Whatever the reason is, I just get that ominous feeling. Just my opinion. WN P.S. Why JDU didn't split 5 for 1, or even 10 for 1 is beyond me.