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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Scott Mc who wrote (1053)6/9/2001 1:31:37 PM
From: Scott Mc  Read Replies (1) | Respond to of 11633
 
Stock consolidations..
The point I was trying to make earlier which I didn't do very well is.

When stocks consolidate they usually pull back by up to 20% in the first week after the consolidation, you can see the same effect(reversed) when stocks split. The pullback in AVN was due to NatGas reduction and not the consolidation as the timing was too delayed.

I am currently following Dundee Property "D" as they are planning a consolidation. I have sold my position in it with the intention of buying back if it drops.

Scott