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Gold/Mining/Energy : Insiders tradings on canadian stocks -- Ignore unavailable to you. Want to Upgrade?


To: Ciao who wrote (1938)2/24/2001 8:27:35 PM
From: gilbert leblanc  Read Replies (1) | Respond to of 2322
 
Ciao,

I didn't notice the position of the market maker.

I received PSD last annual report this week and I began to dig in it.

I have been monitoring this stock since the middle of last year.

About our other names that you had mentioned, you know, I can't have an opinion on each Canadian stock.

About NT, you probably know, that I was believing that it was grossly overvalued.

I told friends and pals to be cautious about their brokers remarks that NT was a steal at $70.

It is very hard for me to understand why some investors want to sue NT for their loss.It was not an secret that insiders were selling their position on this one. Investors should be angry not against NT but against:

- the brokers who received "inside" information before the others and trade on this information;
- our national newspapers who tend to give only rosy pictures of big cap stocks and think that Canadian investors don't need to know that for one NT, one JDS they are many Brampton Brick, Fishery Products, Sico, IPL Plastics, Avcorp, SunRype who create jobs and values for the Canadian economy (and I don't speak about the boom in the oil and gas sector).
- our mutual fund managers who tell their clients to think long term and to don't trade too much and who do the contrary.
- our brokers who trade for their own portfolio and who is playing may be against you.

Have a nice week.