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To: jewishcarpenter who wrote (45909)	10/23/1999 1:53:00 PM
From: uel_Dave	Respond to of 152472

Microcell shares jump 10% to record high Speculation rife that foreign wireless firms eager to enter Canadian market will seek major stake in company TYLER HAMILTON Technology Reporter; With files from Bloomberg News. Saturday, October 23, 1999 source:http://www.theglobeandmail.com/offsite/ROB/19991023/RMICR.html Microcell Telecommunications Inc.'s stock has entered nosebleed territory on speculation that foreign wireless firms eager to extend their reach into Canada will grab a major stake in the company. Shares in Montreal-based Microcell climbed more than 10 per cent or $2.75 to $29.25 in heavy trading yesterday on the Toronto Stock Exchange. The stock touched $32.50 in earlier trading before falling back, but Microcell's closing price was still the highest in its history. Analysts say Microcell would be a strategic investment for companies such as Bellevue, Wash.-based VoiceStream Wireless Corp., which has been following an aggressive acquisition path and uses the same wireless technology as Microcell -- Global Services for Mobile Communications (GSM) -- making their networks compatible. Microcell, along with wireless peers Clearnet Communications Inc. and Rogers Cantel Mobile Communications Inc., both based in Toronto, helped drive the TSE 300 index up 87.89 points to 7,040.27. Dvai Ghose, a telecommunications analyst with CIBC World Markets in Toronto, said the level of trading in Microcell over the week suggests there is a perception among investors that the company is a takeover target. However, he added that such speculation would be misguided because foreign ownership restrictions prevent foreign companies from purchasing more than a 33-per-cent direct voting stake in a Canadian telecommunications company. Because there are no other GSM operators in Canada, Mr. Ghose said, any interest in Microcell would have to come from a foreign company bound by Canadian regulation. Clearnet, on the other hand, uses a technology that makes it attractive to BCT.Telus Communications Inc. and BCE Inc., both of which could make an outright purchase of Clearnet. "Microcell is now trading at a big premium to Clearnet," Mr. Ghose said. "We don't think that's justifiable, because Clearnet is a more obvious takeover candidate." In the United States, wireless stocks rose for a fourth consecutive day, which analysts said helps to explain the general rise in Canadian wireless stocks. U.S. wireless phone companies have been consolidating rapidly to gain national coverage and operational efficiencies. But the consolidation trend is not confined to North America. Mannesmann AG of Germany announced its $34.7-billion purchase Thursday of Orange PLC of Britain. Jeff Hines, an analyst with Deutsche Banc Alex Brown, said VoiceStream and Microcell could provide Mannesmann with a North American network. Mr. Hines has a "strong buy" on both companies based on their strategic value. Meanwhile, Charles Sirois, chairman of Montreal-based Teleglobe Inc., is buying a portion of Microcell shares being sold by Call-Net Enterprises Inc. of Toronto. Mr. Sirois already owns 30 per cent of Microcell through his private investment holding company, Telesystem Ltd. That equity investment gives Telesystem 49.1 per cent of voting rights. Telesystem spokeswoman MichŠle Beaubien said yesterday that Mr. Sirois has exercised his right of first refusal to acquire the shares from Call-Net, which holds an 11-per-cent stake in Microcell, representing 17.7 per cent of voting rights. Telesystem is permitted to purchase a percentage of Call-Net's stake in Microcell that's equal to Telesystem's current stake in Microcell -- that is, 30 per cent of Call-Net's 11 per cent. The purchase increases Telesystem's equity stake in Microcell to 33 per cent, and gives Mr. Sirois voting control over the wireless firm. Call-Net decided to unload the shares as part of a larger plan announced Sept. 16 to spin off its non-core assets. Groupe Vid‚otron Lt‚e of Montreal, which has a 5.6-per-cent stake in Microcell, also confirmed yesterday that it has exercised its right of first refusal.

To: jewishcarpenter who wrote (45909)	10/23/1999 6:06:00 PM
From: Jenne	Read Replies (1) \| Respond to of 152472

ask03.wwquote.com I think youre wrong on this one.. : ))

To: jewishcarpenter who wrote (45909)	10/23/1999 6:47:00 PM
From: Vendit™	Read Replies (1) \| Respond to of 152472

Where do you think Q is headed Monday?

To: jewishcarpenter who wrote (45909)	10/23/1999 7:30:00 PM
From: Jenne	Read Replies (2) \| Respond to of 152472

Re: when I look at the daily stochastic indicator, I see three peaks in a decline since September isnt this called a bearish stochastic divergence? new highs established amidst a weakening stochastic six-week trend? Can you post the chart you are looking at for me? I'm getting a different read than you. When I see Stochastics in the upper range doing this intermittent convergence divergence I call that Porpoising. It is a true sign of strength that is seen only in a hand full of bull stocks like AOL and QCOM. That said I see two QCOM buy signals that happened Friday. MACD and Stochastics crossovers. askresearch.com. The Stochastic is a momentum oscillator developed by Dr. George Lane. The premise behind the Stochastic indicator is that when a stock is rising it tends to close near the high and a falling stock closes near it's low and this is plotted as two lines, the fast stochastic (%K) and slow stochastic (%D). A bullish signal occurs when the %K rises through the %D when it is below 20. A bearish signal occurs when the %K goes under the % D above 80. Dr. Lane believes the most important signal occurs when the %D and stock price diverge. This is often seen when a stock makes a new high and the %D clearly fails to reach or better it's old high. Conversely, a stock is oversold and ready to reverse when it makes a new low but the %D fails to confirm that low. What has happened, according to the above law of Stochastics, is a bullish fast line crossing over the slower line thus a buy signal has been generated.