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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing -- Ignore unavailable to you. Want to Upgrade?

To: thomas gentry who wrote (452)	12/6/1998 9:21:00 AM
From: peter dumbrille	Read Replies (1) \| Respond to of 633

I'm no expert, but I think it was oversold as well and may buy more on Monday. Article in Globe and Mail Saturday on Boeing indicated a few second thoughts, certainly with their Mississaga plant which will continue building 717 wings. Every time I look at the constant performance of MAL over the past few years and some of the tricky work it does such as composite metal fabrication, it's Orenda engine, it's backlog, and the Canadian dollar, I continue to believe the company will proceed along. Bombardier, one of it's contractors, still looks strong for the next year. So I say, this would be a good time to buy some and indeed it is oversold. Peter Dumbrille.