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To: craig crawford who wrote (115842)	1/19/2001 5:07:04 PM
From: H James Morris	Respond to of 164684

>is in my mind Craig, that's one hell of a mind you've got. A word of advice...don't let your mind get in the way of what your doing.:-) >TORONTO, Jan 19 (Reuters) - Toronto stocks closed more than 250 points higher on Friday as money poured into the recently flagging tech sector, one day after Nortel Networks reported on-target fourth-quarter results. The TSE 300 Composite Index closed up 262.01 points, or 2.94 percent, at 9161.07 on volume off 170.1 million shares worth C$3.8 billion. Market momentum was decidedly positive with advancers beating decliners 635 to 440 with another 221 issues closing unchanged. "It's a good day for the market led by Northern Telecom," said Tom Green, a trader at Commission Direct. "It's a carry-through from Nortel's supposedly good numbers last night." Nortel's (T.TSE:NT) reassuring numbers, coupled with strong results from other big name tech firms such as Microsoft Corp. (NASDAQ:MSFT), calmed a market that had been bracing for the worst. Toronto's industrial products sector, which houses the tech stocks, closed up a whopping 7.23 percent as investors went on a spending spree. Nortel closed up C$6.25, or 11.45 percent, at C$60.85, while C-Mac Industries (T.TSE:CMS) gained C$5.05 to C$81.55, and BCE Emergis (T.TSE:IFM) rose C$3.85 at C$55.35. The TSE's blue chip S&P/TSE 60 index finished 17.96 points higher, or 3.4 percent, at 545.47. In New York, the Dow Jones industrial average ended 90.69 points, or 0.85 percent, lower at 10,587.59, weighed down by a warning from home improvement giant Home Depot Inc.(NYSE:HD) Meanwhile, the Nasdaq composite index ended a tiny 1.96 points higher at 2770.45. Overall, 10 of the TSE 300's 14 subindexes closed higher, led by the industrial products group, a 2.48 percent rise in pipelines and a 1.3-percent rise in the oil and gas sector. The influential banking group was up 0.82 percent largely on gains in Bank of Montreal (T.TSE:BMO), Canada's fifth-largest bank by assets. It closed C$2.35 higher at C$77.25 on persistent speculation that it is a takeover target. "There are rumors that Bank of Montreal may be broken up and sold," Green said. "It sounds like it may be a consortium of people. You wouldn't be surprised that the Royal Bank bought their banking operation and their brokerage arm might go to a foreign entity. That's the rumor." ($1=$1.51 Canadian)