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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: KENNETH DOAN who wrote (253)	8/12/1998 3:22:00 PM
From: Tim Luke	Read Replies (3) \| Respond to of 7247

Not sure, but I do believe we are only two thirds through this correction. IMO the best thing to do now is to be sitting on as much cash as possible because in a short time (3-4 weeks) you will be able to find some incredible bargains. You could buy 3-4 stocks and double your money on the average fo the group. (year end total)

To: KENNETH DOAN who wrote (253)	8/12/1998 3:24:00 PM
From: lib	Respond to of 7247

Great thread Tim... joined because of it and TATRADER'S. Bought MDCO this morning and I am anticipating the same move you are despite oil prices getting knocked around. Moving to the big board Friday and it is interesting to note that CEO as per July 24 release feels shares will be correctly valued then on the upside. Trading at a ridiculous p/e at the moment and chart looks very good. Can you still see this reaching 17 in what is now less than eight days from your maximum hold for position trade? Just curious if stocks trading on the T.S.E. are worth mentioning here. Big value for most of you considering the C$ is getting hammered of late.