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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (790)	5/30/2001 12:17:22 AM
From: ralfph	Read Replies (1) \| Respond to of 8273

Teck or Noranda ? I have been hoping that Noranda would come off its resistance level and drift down to the 23 dollar level.This has not happened and it is testing new highs instead. For any body who was swing trading this one this year the swings have been wonderful. It now seems the old resistance level may become the new support level. Personaly I think it is a tad high right now, but the PE ratio is only 10.5 As to Teck. I am still holding a small wack and expect it to climb to the 19 to 22 dollar level. But before it gets there the 2nd quarter financials may drop enough to pull down the price. I suspect the power sales to be small during the second quarter and to climb in the third. It would be very wise if they used a least half of their profits to pay down their dept. The class A shares take about 12% off the value of Tech and screw the Tech B holders. Not counting power sales the value of Tech is around 19.50 per share. I think CIBC has a little blurb showing the calculation. Of the two I like them both ... but for different reasons. I like Tech partly because it has been profitable for me this year and I like the way they have done their work in the past. I like Noranda for its reserves and volatile swings. Regards ralfph