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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (30667)	4/2/2003 9:21:15 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 74559

Hi KastelCo, BBD.TO is (IMO), the best long term play in Canada for now. I've followed them for sometime now, ever since they showed up on a value filter I regularly run against most markets. They're up the past day or two on speculated good news for Embraer. See elmatador's earlier post here: Message 18776171 . In all honesty though, I think that as soon as this "war relief rally" is completed, most North American stocks (in particular the "big" companies) will once again head south, this time, well below the prior lows of October and July. My guess is somewhere between 5000 - 6000 on the DJIA, and correspondingly bad on the other major indexes. Therefore, I think that BBD is a good play now only for traders who will establish positions quickly and then sell into any rally after that. Longer term, I think that one might be able to buy BBD as a long term hold somewhere under $4 Canadian. Just an educated guess, but that's how it looks to be shaping up. And remember, I really do like BBD. I think they're well positioned, and diversified within their product lines. What's your thoughts on PDS (Precision Drilling), the leading Canadian gas driller? KJC

To: Cogito Ergo Sum who wrote (30667)	4/3/2003 2:26:32 AM
From: energyplay	Read Replies (2) \| Respond to of 74559

Hi Kastel - I think RRI will act more like CNP...just keep edging up. It may pop in the next few days after the selling stops. Might also want to consider MIR , CPN (Calpine), WMB. Looks like most of this sector will be re-fied. Need to have diversity for the ones not through re-fi since somebody will take a bullet. I expect about a 20 BCF build in gas storage tommorow. If it knocks Royalty Trust down a bit, will add to my positions. With SARS out there I also want to look at end of the world moves, like Bear funds, bonds, and gold.\ Bought some puts on Alaska airlines today.