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


To: mark calgary who wrote (4322)1/19/2003 1:21:50 PM
From: Al Collard  Read Replies (1) | Respond to of 4470
 
Hi Mark,

Your in with ATY-t @$ 6.75 for 2,962 shares.

Chart for ATI Technologies, Inc:

stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Lh14,3]&pref=G

From the chart of ATY we can see the long black candlestick from Friday's trading showing the lower close with a lower high and a lower low. The heavy volume with the bearish gap down looks like a capitulation sell-off, indicating a short term bottom is probably in and the stock is due for a bounce. It looks like a buy but one would want to use tight stops when playing this stock. (Buy)

Good luck with this pick,
Al



To: mark calgary who wrote (4322)1/20/2003 6:46:53 AM
From: Al Collard  Respond to of 4470
 
ATY-t...in the news:

NP says Teachers reviewing its ATI Technologies stake

The National Post reports in its Saturday, Jan. 18, edition that Ontario
Teachers' Pension Plan Board is reviewing its stake in ATI Technologies
amid allegations of insider trading against six of the company's officials
by the Ontario Securities Commission. The Post's Theresa Tedesco and Scott
Adams write that Teachers, which currently holds about 3.3 million ATI
shares, is assessing how it will vote on two key issues at an upcoming
meeting of ATI shareholders scheduled for Jan. 29. Among the agenda items
for that meeting are the reappointment of several board members, including
chairman and chief executive officer Kwok Yuen Ho, who was accused of
insider trading Thursday. The other contentious issue for Teachers is a
proposal to issue 47 million additional common shares under ATI's stock
plan. Teachers has balked at the proposal, claiming it will dilute
stockholdings by 20 per cent. Teachers says it has not yet decided on how
it will cast its vote on the reappointment of Mr. Ho or the other five
board members. "The allegations are serious, but we have to give people the
benefit of the doubt. ... let's wait for the OSC to do its job," said
Teachers president Claude Lamoureux.