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Strategies & Market Trends : Alamos Gold -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (1547)	2/23/2002 6:10:35 PM
From: Al Collard	Respond to of 4470

Hi Stephen, Your in with CM-t short @$50.00 for 400 shares. Chart for Canadian Imperial Bank of Commerce: stockcharts.com[h,a]daclyiay[pc20!b50][vc60][iLa12,26,9!Ll14]&pref=G From the chart we can see the stock has broke down in Feb and now has big resistance @$51.96 it's 20EMA. The chart indicators are bearish pointing to further downside but the stock does look oversold. Good luck with this pick, Al

To: Stephen O who wrote (1547)	2/25/2002 8:34:55 AM
From: Al Collard	Read Replies (1) \| Respond to of 4470

CM-t...in the news: NP says CIBC beats the taxman mysteriously Mon 25 Feb 2002 The National Post reports in its Saturday, Feb. 23, edition that Canadian Imperial Bank of Commerce posted earnings of $1.69-billion for fiscal 2001 and yet paid only 5 per cent or $92-million in income taxes while its Canadian banking peers paid no less than 27 per cent. The Post's Derek DeCloet writes that last year CIBC earned $240-million in North America, the rest of its profit came from its West Indies operations where corporate taxes are low. The Post explains that much of CIBC's West Indies profit originated with its investment in Global Crossing. In the past three years, CIBC has booked more than $2-billion in Global Crossing revenue. However, Bermuda-based Global Crossing does not account for all of the bank's apparent prosperity in the region. In fact, CIBC has reported almost $4.5-billion in revenue from its West Indies operations in the past three years. And some $2-billion of that is interest income (the gains from Global Crossing are non-interest income). CIBC has a retail and banking presence in Caribbean, but with 42 branches it is small. The Post says how CIBC earns so much money in low-tax countries with few staff and minimal expenses is a mystery.