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Gold/Mining/Energy : transcanada pipelines (TRP) -- Ignore unavailable to you. Want to Upgrade?

To: Mike K who wrote (237)	12/10/1999 6:47:00 AM
From: reg	Respond to of 292

Good luck when they could not get anywhere with Bre-X. Seriously this is about deregulation and competition. I never thought the stock would be this seriously impacted. Got a good chunk tied up in this and TA as I viewed them as a good play on electricity/gas. Sithe announced 2 800 MW plants in Toronto yesterday. Running in 2002. Gas fired of course. Who will transport the gas? I expect dozens of plants like this in the next decade in Canada and the U.S.

To: Mike K who wrote (237)	12/10/1999 11:56:00 AM
From: SofaSpud	Read Replies (1) \| Respond to of 292

Analysts "National Bank Financial, December 8, 1999. TRP $13.00 Recommendation: Hold (Downgraded from a BUY). Target $16 (-$9.10)" Could someone explain to me what possible good it does for an analyst to downgrade a stock after the price has fallen? If they wanted to make some useful contribution, then downgrade the recommendation when the freaking thing is at the top. How do you make money realizing your losses?? What a crock. Just one more lesson in the course "NEVER make decisions based on analyst reports." Now, wouldn't it make sense for the analysts to say, 'The bad news is in TRP stock, which will likely trade sideways for at least the next year; buy for income for the medium term, and for long-term capital appreciation.' But no, they're all saying basically sell. Bassackwards.