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

To: Ward Nicholson who wrote (51218)	7/3/2001 11:54:08 PM
From: Swami	Read Replies (1) \| Respond to of 62347

A brisk turnaround in revenues will be one of the few reasons to be long in this stock (1month-12 hold)..otherwise daytrading and short term less than 10 days trading will be the thing to do right now..18 possible...so is 10 canadian..my 2 cents worth

To: Ward Nicholson who wrote (51218)	7/4/2001 9:13:42 AM
From: Vitalsigns	Read Replies (2) \| Respond to of 62347

"...love with a stock..."? Um....no. Not on your life. My reasoning is based solely on your reaction to those facts, i.e. the public's current distaste for NT. The crowd tends to be caught looking the wrong way at transition points. The bears couldn't even take NT to a new low during the last week of Q2 (window-undressing). What's up with that? I've already bought. I like the risk:reward and poor sentiment at this price level. Would you short this stock? Right here, right now at $14? Right on the money Ward, It has nothing to do about loving a stock. Fundamentally the stock is a dead beat. Lets compare it to other sectors for a second , you never buy an Auto stock when it is selling record level of vehicles, because the market has fully priced in that event, the best time to buy Autos is in the heart of a recession just as it is coming out. Banks are similar , never buy when they are making their biggest profits but when the economy looks its worst and the writedown for loss provisions are at their highest , just as everyone hates to own banks is when you go and buy up. Its about crowd psychology and how they are wrong the majority of the time. I read a quote last night from a few mutual funds, said they would not buy NT just yet because they cannot see the earnings projections lifting just yet but if it were to hit $8 Cnd , they would load up the boat. LMAO!! They all think the same way , so they will all be wrong . The accumulation is happening right now right under our noses. Did you expect him to tell the media that he is buying right now ? NO, he needs your shares or someone elses shares in order to buy up his position. We as retailers ( not JP of course LOL) can go in and buy 100-10000 shares at any given price point and it wont matter one bit. But a fund or institution that needs 1 Mil - 100 mil shares is a whole different matter and must rely on slow accumulation and the fear factor to help him collect his position. Once everyone important has collected the shares they want to own , you will be amazed at the trumpeting that will occur in the media about how good a bet NT is . Once that happens , the general public will feel safer again knowing that their favorite fund now holds NT and they in turn will buy up NT because they beleive it is safe. Swami, it has nothing to do about loving a stock, but placing a bet and making money. We are in this to make money . You may be more suited to playing the HBC's and the BNN's that the funds already own but the real returns come from stocks that will move up when no one wants them. TRP was a perfect example as was ATY. I hated ATY and it clouded my focus by avoiding it , too bad because I missed some nice gains on that one. Vitalsigns