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Non-Tech : Loewen Group -- Ignore unavailable to you. Want to Upgrade?

To: Lawrence Burg who wrote (256)	2/17/2000 8:38:00 AM
From: Daniel Chisholm	Read Replies (1) \| Respond to of 277

Impressive, isn't it? (...says the guy who is still short his full orginial position from $C3, and watched it go down to 34 cents... ;-) There were roughly 2x as many buys as sells. I wonder what you mean by this? Especially on an NYSE (i.e., auction market) stock? My first reaction is to disregard this sort of analysis since (by definition) a buy cannot happen without a sell (hey, it's trading!). And if what you actually mean by "buyers" is "the public" (who presumably submit market orders to buy or sell, and hence always buy at the bid or sell at the ask? And who never receive price improvement?), then what about the old saw that "the public is always wrong"? (not that I put too much currency in that one either). Ahh well, nothing too serious. Good luck to everyone here (and skeptical me sincerely hopes that all the longs will take some or all of their profits, since I "know" this thing must eventually go to zero... ;-) FWIW, I found it interesting to note that the quoted price on my bonds actually fell a bit, to 45 (it's been stuck at 48 for several weeks now). It wouldn't be the first time in market history that there's a bit of a disconnect between stocks and bonds ;-) Perhaps this is just Mr. Market's way of telling me to cover my short at a loss, and add more to my losing bond position ;-) Who ever said he didn't have a sense of humour? - Daniel

To: Lawrence Burg who wrote (256)	2/17/2000 9:45:00 AM
From: Dennis Lefebvre	Read Replies (1) \| Respond to of 277

This could put some breaks on and even pull back. Globe says Loewen stock comes to life Loewen Group Inc (The) LWN Shares issued 74,147,821 Feb 16 close $2.04 Thu 17 Feb 2000 In the News The Globe and Mail reports in its Thursday, Feb. 17, edition that a wave of what analysts are calling "speculative noise" has sent shares of funeral giant Loewen Group soaring 74 per cent over the past two days. The Globe's Peter Kennedy writes that after surging 39 cent to $2.04 yesterday on the Toronto Stock Exchange, Loewen's shares have more than doubled from around 80 cents last week. Trading was extremely brisk, with more than 3.4 million share changing hands, well above the usual daily volume of around 220,000 shares. A senior unnamed Loewen official expressed bafflement at the sudden stock market interest in a company trying to emerge from bankruptcy protection in Canada and the United States. An unnamed analyst says the rally may be tied to last week's announcement by Loewen that it has hired two new directors. Other unnamed analysts say investors may have bid up the stock in anticipation of more good news on the debt restructuring front. The Globe concludes by citing an analyst who says paying more than $1.30 a share is a dangerous game. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com