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Gold/Mining/Energy : Informission - web, B2B, & telecom software -- Ignore unavailable to you. Want to Upgrade?

To: WhySoSoon who wrote (59)	7/9/1998 12:50:00 AM
From: BM	Read Replies (1) \| Respond to of 192

If what you say is true, you may want to ask Scotia McLeod yourself as I don't have an account with SM and have no access to their brokers or analysts. Being into this stock for the long term based based on fundamentals, I don't really watch it daily. But based on your question, I had a look on Stockwatch and here's what I found. Prior to today, the average volume over the past week was under 8,000 per day - in this context, your description which combines "dumping" and "lately" seems a bit of a stretch. Perhaps you meant someone at SM sold many shares today. My Stockwatch account shows me the last 10 trades of the day only. In these trades, Scotia McLeod appeared only once and that was on the buy side of the trade, not the sell. Again, signs of SM "dumping" are not in evidence from my perspective. In spite of today's unusual volume, the stock closed down only $0.20 on the MSE. My guess is that some momentum investors (including some at SM) were holding until now because they were hoping that the Y2000 Task Force report released Monday would paint an extremely bleak picture of Canada's preparedness and drive Y2K stocks up. When the picture painted wasn't bleak enough and shares in Cognicase and Informission didn't soar, they decided to move on.