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

To: Ward Nicholson who wrote (1822)	12/3/1999 2:31:00 PM
From: Ward Nicholson	Read Replies (1) \| Respond to of 2259

RAX/BKP: Looking like good bounce candidates at $17 and $10 respectively. WN

To: Ward Nicholson who wrote (1822)	12/4/1999 12:32:00 PM
From: Vitalsigns	Read Replies (1) \| Respond to of 2259

TRP. This one is getting to be stupid. They have 26 billion in assets or $55/share. They produce $36 /share in sales and target for year end is $1.40 /share in earning. They are paying a $0.28 dividend to holders of stock on Dec31.99 payable Jan31.99 which is a 7.2% annualized dividend income.(based on fridays closing price) Natural Gas demand is increasing on a yearly basis and every new subdivision and factory built means more demand which of course helps to keep prices up. So fundamentaly the stock is a Takeover target at these prices. This company is far from bankruptcy. Technically the stock has started to accelarate in its decline (And I have no Idea where the bottom is).The range of trading was too narrow on friday to be the exhaustion stage even though volume was high. We should be testing new lows and probably hit bottom sometime this week on even bigger volume.The following day it should then bounce and drop again to retest low, typically on the second day after the decline is the best time to buy once the buying begins near the end of the day . Put a stop loss just below the Low because if it break again it will drop further,But i doubt it this time. NNC was in the same situation a month ago, and I expect a repeat on TRP. Vitalsigns