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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: John Paquet who wrote (49960)	6/13/2001 5:53:54 PM
From: Swami	Read Replies (1) \| Respond to of 62347

John one piece of advise from Swami...Dont fight the tape if your stock drops 10% after you buy sell quickly and accept losses...NT i wont be surprised if it hits $12 Canadian soon.. Just my useless thoughts nothing else ..:-)

To: John Paquet who wrote (49960)	6/13/2001 5:56:29 PM
From: E. T.	Read Replies (1) \| Respond to of 62347

"need not any accountant" sure, John. Capital gains tax was scaled last year as were tax loss sales, meaning tax losses were worth more at the beginning of the year and less at the end and capital gain was taxed more at the beginning of the year and less at the end. Not so simple for me my brilliant friend, maybe for you. Good luck with the Nortel.

To: John Paquet who wrote (49960)	6/13/2001 6:06:58 PM
From: bigbuk	Read Replies (1) \| Respond to of 62347

What if reverse is true and it turns to be a drop? Mnay have been trying the buy NT cause it down os much therory for so long now since 70 or higher. Who is to say NT not gonna get a 50% haircut here again? Good Luck either way. BB I look forward Dow 400-500 points move up , and NT at least $3-5 canaidian Dollar move on the upside.

To: John Paquet who wrote (49960)	6/13/2001 6:08:55 PM
From: couldawoulda	Read Replies (2) \| Respond to of 62347

John - enjoy your posts so don't get me wrong, but what are you smoking? Please give me some of that! The only time in last 5 months that the DOW has made even a 300pt. move is when Greenspan has unexpectedly cut rates by .50 basis points. He did it on two occassions. The consumer price index and the producer price index will not do that alone. In fact, the CPI tends to be tied with the retail numbers, and seeing as how they came in weaker than expected this morning, a drop in the CPI may very well occur - if not in this weeks report then in the following due to the fact that the number is a trailing indicator. People are not wishing to hold NT overnight because they will in all likelyhood warn sometime soon and the result may be an instant haircut in the stock price as has happened in the past. The economy, and particularly the sector they are in is showing no signs of improving anytime soon - see NOK, JNPR, etc. Meanwhile, their debt load is mounting and fears over companies like TSX going belly up leaving companies such as NT who have funded them for various contracts holding the bag and waving the white flag. NT remains a great day trading stock, but even at these levels a bad investment. Logic is hitting the market and thus you see NT trading down to levels it should be trading at, depressed sellers or no depressed sellers. You're defending your position quite obviously because you have a big stake in the stock, but too many times I have seen people defend their positions all the while the rest of the market doesn't give a rats buttooney. It's happening to you now. Buy the stock as a investment only when some signs of strength appear. There are NONE right now. For now you remain catching a falling knife. So, stop the buying and average down when a turnaround is evident for goodness sakes. Good luck.