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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Fitz who wrote (1706)	12/10/1998 5:39:00 PM
From: Cookie Monster	Respond to of 56535

Yeah I agree.....but there are often a lot of cases, especially in the resource markets these days...that are real buys. I bought Placer Dome a while back at $14 when no one wanted gold. Guess what happened in October....Placer Dome up to $24+ PAZ:TSE, when oil was hot, was at $27, and now its at $4.80 :( REL:TSE has never seen this side of $6 in a long time....it'll be back to 7-8 real soon. With the major consolidation going on in the oil patch these days, do not be surprised if other Canadian or American majors don't snap these guys up. PAZ has operations in Ecuador and has had trouble getting oil out of the area where they are drilling, an improved pipeline will double the stock. REL is based mostly in Northern Canada and has excellent oil and gas production levels.