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

To: TheMajor who wrote (1949)	1/11/2000 5:39:00 PM
From: triplehrw	Read Replies (1) \| Respond to of 2259

I also purchased LDM at 7.65 thought it would never go lower. Well it did and now I'll likely never buy it again. Upon doing a little thinking I realized there are just too many shares out there that were given up by the big US index funds once Laidlaw fell from the SP500 . A few analysts speculated--and I listened to them -to my misfortune-That intially a big block would be sold say $8 CND --That what happened --then the shares would likely drop to say $7.50 and be a good buy--Well I had trouble buying at $7.65--too bad.. Now they are probably going to see $6.00 maybe m lower--My reasoning is the guys(institutional types) who own these or picked up these big blocks will use the shares to short the Canada fund holders there are so many shares--Lets short the suckers. And get the real suckers dollars--No everyone should get out of these shares--The only way share ownership is viable is if Laidlaw starts buying back there own shares and with the trouble they are in now that is not likely to happen. I lost $3000.00 in 3 weeks Thanks to my dedication to a once great company that one could invest in. I am not trying to drive the price lower I took my hit and will not return.