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


To: Ward Nicholson who wrote (1851)12/23/1999 12:00:00 PM
From: TheMajor  Read Replies (2) | Respond to of 2259
 
Hello Ward;
Just found your thread and have bookmarked it.
I agree with you on LDM. I played it before and made about 50% even though it took me 18 months to get it. I don't have any trouble waiting for the profit. I'm back in again at what I believe is a sale price with, hopefully, all the bad news factored in. We'll see.
I am also looking hard at MAL. Can't see any reason why it's near its low other than it's not high-tech and it's caught in tax-selling downdraft. Any thoughts?
Kind regards
TM



To: Ward Nicholson who wrote (1851)12/23/1999 12:27:00 PM
From: keith massey  Read Replies (4) | Respond to of 2259
 
Doing a little "gambling" and took a position in TCS at $6.25-6.30 with a fairly wide stop limit just below the next major support.

Playing this one off the chart with a hope that news will cause a very nice pop in the next couple of weeks. Looks like it may have found bottom at this level and formed a big symmetric triangle on the 15 day chart. Of course my fingers are crossed that this is a bottom and that is why I called it a "gamble"...it is on the trendline and offers and volume have thinned right out and we appear to be basing so I thought this was a good place to try it out. Plus they just arranged a small PP at $6.50 a couple of days ago which give a little more evidence of a bottom (kind of)

On Dec 17th they mentioned

In line with these strong e-commerce results, the company has recently signed several new e-commerce contracts and plans to announce them, pending customer approval of the announcements, in the coming weeks

Now lets hope I don't get stopped out before they get this news out.... Once in a while I like trying this type of play out.

Best Regards
KEITH



To: Ward Nicholson who wrote (1851)12/30/1999 3:32:00 PM
From: Ward Nicholson  Read Replies (3) | Respond to of 2259
 
LDM:

Just thinking out loud here...

Looks like we've got a Mexican standoff. If LDM breaks $7.50,
I figure we could see $7.00 before a bounce to $9.00 (?).

WN