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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (3502)	3/12/2002 3:46:49 PM
From: TheBusDriver	Respond to of 4409

I picked 10k of WTC at $1.05 early this AM. <<Claude needs to earn money from his newsletter?>> LOL! I think he does! He's a big guy....big food bills! Wayne

To: Canuck Dave who wrote (3502)	3/12/2002 4:37:07 PM
From: Claude Cormier	Respond to of 4409

<You think Claude needs to earn money from his newsletter? He must do pretty well on the markets.> I will tell you when I start selling some of my BAY stocks, sometimes in the next two months. And that will be only if silver doesn't show any hint of being in a rally towards $5+, otherwise, I will not sell any. For now, I am still a buyer. The key to higher BAY stock is for silver to remain stable. As long as we have Ag near $4.50, I think BAY is heading towards $4.50-$5.00 by the end of April. The resistance is $4.60 for silver. If we move past that, look for $5+ on the white metal this spring. This will means a much higher target for BAY. On the downside, BAY stock has very good support at $3.20-$3.25 and very strong support at $2.75- $3.00. The $2.75-$3.25 area is where BAY peaked in the summer of 2000. It is now a floor that will resist any correction unless, of course, silver really breaks down and moves below $4.00. The later scenario now has a very low probability, in my opinion.