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Gold/Mining/Energy : TECSYN (Toronto-TSN) -- Ignore unavailable to you. Want to Upgrade?

To: Andre Koluksuz who wrote (27)	10/28/1997 8:52:00 PM
From: M. Merriam	Read Replies (1) \| Respond to of 78

Well, I've been looking at TSN but haven't bought yet. Why not? I guess that, although it looks like it's on the mend, management's track record isn't great. I think the stock will have more strength if it shows continued good earnings next quarter. It needs to more fully establish its turn-around. I suppose that when/if it does, it will be too late for me to buy low, but until it does, it will appear risky. Just my opinions. --Mike

To: Andre Koluksuz who wrote (27)	10/28/1997 10:09:00 PM
From: Ward Nicholson	Read Replies (1) \| Respond to of 78

Andre... What makes you think TSN "failed to recover"? This stock performed admirably today. The trading chewed right up its tail all day long. I thought it was rather majestic. The closing price was above the uptrend line, clearly signifying that the market is prepared to reject any price below it. I'm only sorry I didn't buy the lots at 1.23 this morning, opting for some other bargains out there instead. Considering the fact that TSN just made a new 52-week high, I think trading was taking a breather when the market got walloped in the stomach by the Asian flu. This has nothing to do with fundamentals. TSN will resume its uptrend shortly. Bid Ask #Ord #Sh Price Price #Sh #Ord 1 1,500 1.51 1.55 2,000 1 4 7,800 1.50 1.58 6,800 3 1 700 1.46 1.60 7,700 3 3 17,700 1.45 1.65 7,000 2 4 7,500 1.40 1.67 12,500 2 I figure anything below 1.60 will be gone shortly. WN