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Gold/Mining/Energy : Insiders tradings on canadian stocks -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (2283)	8/4/2003 9:21:23 PM
From: gilbert leblanc	Read Replies (1) \| Respond to of 2322

I don't like their basic business either and to be frank I don't have a position in GDS. I only noticed that the main shareholder is adding to his position. This is why I did an update of GDS. You know, I didn't like the business of Algoma Steel but when I noticed some time ago, that the principal shareholder was adding to his position, at a time when AGA had a bas press (downgraded by analysts and so on) that I took a position for my dad at $1.70. His broker reaction was to tell me that Dofasco was a better choice but I sticked to my gun because of the faith on my investing method that teached me in the past that insiders are better than analysts (qui sont des ratés bien sympatiques pour citer un chanteur populaire du Québec....) AGA was a good performer last week. (You know if I can get out at $2.50-2.70, I will be quite happy. Such a return in a period of less than 2 months.) Last week, I bought for my dad 10,000 of DY at $0.71 (again based on insiders pattern). (I had enjoyed such a good run one this one last year. From $0.30 to $0.60 if my memory is good and I expect to do quite well again on this one). I bought too 10,000 shares of KNN (the same insider that helped me to pick Airboss is now beyond this small junior producer). If the past pattern repeats again, I expect to double my money in this one in the next two years. I bought an other position in the high tech sector and my readers can figure the name. This one is speculative from a fundamental point a view but again insiders are the buy side (Que demander de plus !) Some people could believe that I lost money on Call-Net but it has been one of my better investment. When I witnessed last year that insiders were still confident and pilling up big quantities below $1.00 (HEY, THOSE PALS WHERE BUYING FOR THEIR WIFE !, C'EST TOUT DIRE.), I averaged down. I still have a small position but imagine, I begun to unload at $3.00.