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Gold/Mining/Energy : Cross Lake Minerals CRN -- Ignore unavailable to you. Want to Upgrade?


To: geoff s. who wrote (1100)1/9/1998 9:01:00 AM
From: the Chief  Read Replies (2) | Respond to of 3650
 
Hi Geoff, I'm sure glad I'm missing the freezing rain in Ottawa. I got word that my cedar hedge looks like somebody gave it a bad haircut.

Well I shall not lie. I have been bearish on CRN and it has not changed. I am not shorting (I don't do that, but am reading books to find out how!! It's the only way to make money in this market) CRN will likely continue a slide and I am looking at $1.40 in the shortterm. I think that $1.00 is too pessimistic. CRN will likely make some kind of an announcement to kick it up if it falls below $1.30-$1.40 level.

Actually Cannacord not covering it in morning coffee is probably good news. It probably means that they are going to allow the market to move the stock as opposed to them "working it".

later

the Chief



To: geoff s. who wrote (1100)1/9/1998 8:47:00 PM
From: VIP Condo  Read Replies (1) | Respond to of 3650
 
It just means that Canaccord has bilked everything they think they can get out of it for now so they quite recommending it. When it starts to show more promise they will begin crucifying it by their shorting again.

Don't fear that there is no news - it just means Canaccord has gone to some other stock to beat the beejeebers out of it. They'll be back - guaranteed.

Condo Guy