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Strategies & Market Trends : Talk to Lola:) -- Ignore unavailable to you. Want to Upgrade?

To: KC Jones who wrote (1702)	11/3/1999 9:14:00 AM
From: Lola	Respond to of 2010

MEL-T . . . check to see if First Energy started buying in large volume yesterday or the day before as a signal that the stock is about to reverse trend (at least in the very short term). You still need to be careful and watch out for more selling and even very low volume could take the stock lower. A knife that falls for this long can scare the heck out of people. It might just be ready for a bounce but I haven't been watching too many Canadian stocks recently . . . trying to trade mostly US stocks right now. There's lots of falling knives on the Canadian exchanges it seems with heavy tax loss selling going on in stocks like MEL-T. The stock should also have a big short position building so when it bounces it will be a good bounce like we saw in DIO-T. Short covering is one of the few things that will help these stocks to bounce. Not too many excited Canadian investors willing to step up and catch a falling knife. Good luck KC. Lola:) PHNPI