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


To: couldawoulda who wrote (49965)6/13/2001 8:13:46 PM
From: John Paquet  Respond to of 62347
 
Thank you for your advice.

Truly enough, when everyone is so scary about holding NT.tse stock, it is more or less likely that the stock is bottoming out. None can figure out the real bottom.

More importantly, this last few days 5-6 days, NT did not appear having any big news on the trend, all what it has is that Dow went down 5-6 day in a row, Dow went down from that 11350 to 10850, you see.

Please note that this 10850 Dow level is the exact number on May 15, when Fed cut rates between schedule, and this number, Dow 10850, I trust it would hold, when Dow stablizes and heading north again, or when Dow Bull returns, then NT is bottoming out.

As I said there was no big news on NT these days, NT just followed Dow retracement, and I trust Dow is still on the Bull Market, not bear, and this NT @17's is pretty low, in Canadian Dollar term.

AS a short term trader or long term investor, I am sensing that business although now depressed and as I said my rational expectation is that business is due to turn up, that is I am willing to pick up these NT @17's or @18's. These prices are offered by many many discouraged and distressed sellers like yourself.

Just ask yourself a very simple question that is "When can I have this golden opportunities to pick these cheap prices of this stock NT @this 17's or 18's??? When Can you?? also how low would you like to expect NT to go down, someone says obviously @12's. But when Gold was traded $750-800 in 80's someones said gold would go to $2000.

Now NT goed down to this level, someone says it would go down to @12's or @10's or $5's or zil???<<<GGGggggggGGGG>>>

At any point in time someone has to jump the gun and start to accumulate the valuable stock like NT. That is exactly what I have been doing these few days.

John Paquet



To: couldawoulda who wrote (49965)6/13/2001 8:33:49 PM
From: John Paquet  Read Replies (1) | Respond to of 62347
 
Sorry, I did not get the point that I would like to as far as that Dow move more than 400-500 points from here.

AS good numbers both PPI and CPI, I assume it would now, then these two number just exactly confirm Alan's statement issued just two week ago in Singapore Ecomomy Conference. He said that there is no inflation problem in the uS economy systems.

So these two data PPI and CPIas Fed will adopt these data as basis to cut rates futher, then Dow 400-500 points rally is due to come. Besides, tax cut is coming to have impact on the quity market.

John Paquet