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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (15151)7/31/2003 7:26:06 AM
From: gold$10k  Read Replies (1) | Respond to of 39344
 
Wayne,

re:CNI... actually @ C$7.02. There was no guarantee that it would go as low as C$6.90.

My view is that astute traders place their bids at or just above previous lows. Eventually, random selling plus their "buyers' strike" draws the price down to their bids where the volume of buying clues others that this is the bottom.

vt