To: Don craig who wrote (8092 ) 12/11/1997 4:59:00 AM From: Shirley Owen Respond to of 14627
Hi Don, I see you're night prowling as well. What's your excuse? Mine is that I went to sleep at 7 and just woke up. My body clock thinks it's morning. I think most people are hesitant to give advice on buying, lest they be wrong. As for my thoughts, it's a tough call. One would think that there would be a rise in price to trumpet their arrival on the TSE. You have to ask yourself if they have buying lined up, and do they have any good news to feed into the market? Will there be a quick blip up and a fallback, or will they put a bottom under this stock at higher levels? I notice they will now have a Market Maker. Some people think this is a good thing. I'm not sure. This is supposed to create an orderly market. To my way of thinking, perhaps that only means that it will fall less precipitously, or rise in a more orderly fashion? We'll have to wait and see if this is a good thing or not. I did notice, though, that just before the close there was a large order of a little over 19,000 bid. Was this window dressing, or for real? If you have Stockwatch and a trader account then you can watch the bids and asks up or down the wall for five each side. This can sometimes tell you the level of interest. On the otherhand, I have also seen stocks rise very rapidly out of the gate, and then fall back later in the morning. Will this happen in Toronto as well? Only time will tell. If we knew all the answers, then we would be like the insiders.:-) Oh, to be a fly on the wall! In the end, Don, no one can be 100% sure of what will happen. I'm giving odds it will rise, but hey, what do I know? Cheers and I hope you have had some sleep. Shirley