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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: vds4 who wrote (4164)10/14/2001 11:46:59 AM
From: Al Collard  Respond to of 11802
 
Hi Martin,

Your in with AC-t @$2.24 for 4,464 shares.

Chart for Air Canada:

stockcharts.com[l,a]djcanimy[dc][pc20!b50!b100!b200!f][vc60][iUb14!Ll14!La12,26,9!Lh14,3!Lc20]

From the chart we can see a picture of a stock clearly in a downtrend with no bottom in sight as it sinks. Trading under all it's major MA's a bounce up to it's 20EMA should be expected at some point short term as the Slow Stoch's is showing this stock in oversold territory.

Good luck with this pick,
Al



To: vds4 who wrote (4164)10/15/2001 6:09:40 AM
From: Al Collard  Respond to of 11802
 
Martin, news out on your pick AC-t:

Air Canada postpones flight attendant layoffs

Mon 15 Oct 2001

News Release

Ms. Judy Darcy of CUPE reports
At emergency weekend meetings held with Air Canada at the Canada Industrial
Relations Board (CIRB), an agreement was reached that will stop 1,200
layoff notices from being issued to flight attendants on Oct. 15.
"We are extremely pleased that Air Canada has agreed not to issue these
layoff notices on Monday," said Judy Darcy, national president of CUPE. "We
have been working hard on ways to avert these layoffs through a variety of
mitigation strategies. We want to prevent any more flight attendants from
being laid off involuntarily. Air Canada has to actively participate in
this effort, and they have agreed to honour their promises to come to the
table and work with us in good faith."
On Oct. 12, CUPE filed an application with the CIRB, asking the board to
prevent Air Canada from issuing the layoff notices on Monday. The board
granted the request for a weekend hearing, but after a series of meetings
between the company and the union, agreement was reached and the immediate
need for a formal hearing was set aside.
The interim agreement establishes that the company will not implement
further layoffs of flight attendants before Nov. 1, 2001. "This gives us
more time to find solutions through voluntary measures," said Ms. Darcy,
"in particular if the company is prepared to work with CUPE." Meetings
between CUPE and the company will commence Oct. 15 in Toronto, Ont.
The airline division of CUPE represents over 10,000 flight attendants in
Canada, including 8,000 at Air Canada.