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Gold/Mining/Energy : The Next Act -- Ignore unavailable to you. Want to Upgrade?

To: Gary McCoy who wrote (28)	4/5/1998 3:11:00 PM
From: Ward Nicholson	Respond to of 102

Inco: INCO (N.T) is one I'm also watching. It's not getting a lot of attention, but I think it could take off in the near future like Alcan did recently. Agreed. I've started to watch N very closely. $25 would appear to be a very important support level. I can't see this level failing because the worst seems to be over in terms of nickel prices and commodities in general. Ever since N spiked to $28.50 a couple of weeks ago, I've waited for it to back off. It's done so on relatively low volume too. A long position in the low $25 area seems to be a good risk/reward play. WN

To: Gary McCoy who wrote (28)	4/22/1998 8:51:00 PM
From: Ward Nicholson	Read Replies (1) \| Respond to of 102

N / BKP / RCI.B: Interesting AGM for Inco...talk of shelving the Voisey's Bay project until the price of nickel recovers. The stock is acting so nicely right now. I get the feeling this is definately the beginning of a major bull market in commodities. Was bidding for BKP today (just missed it). This stock cycles so nicely. RCI.B is looking more and more like a very low-risk short: 1. High short position. 2. MACD about to cross down. 3. RSI fading. 4. Starting to hit its head against the underside of RCI.B's 5-year downtrendline. I think next week's trading for RCI.B is key. The stock may move higher on little strength and then break down after that. WN