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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: trilobyte who wrote (240)12/23/1998 2:54:00 PM
From: Kevin Hamlin  Read Replies (1) | Respond to of 2259
 
Still watching DMW on Toronto closely. I bought in on this yesterday at .145 thinking it was the bottom (short-medium term position) and a little more today at .15 (trading position.) I've been watching the trading today and almost everything is going out at the offer which is nice to see. Also, there's some very nice gapping after .165 With only one more day for tax loss selling, I'm hoping for a hunk of new buying to come in after we've cleared Dec 24th. At these prices (as with other tax loss buys), I'm pretty sure there's a lot of people watching and eager to come in as soon as possible. The risk/reward on this one (and others) makes it just far too attractive.

Take a serious look around at some of the other tax loss bargains out there too! Yes, Ward, Air Canada is another one. Looking for a good upside there too. There's LOTS to choose from, many of which should have a respectable bounce in the short term. Happy bottom-fishing everyone!

Cheers!



To: trilobyte who wrote (240)12/24/1998 1:24:00 AM
From: Ward Nicholson  Respond to of 2259
 
CA:

Actually I still am watching it. I sold every share
I had the day it broke $4.00 and I've been waiting
for tax-loss selling drive it down. I don't think it'll
have a problem bouncing to $2.00, but I was hoping for
a more lethal sell-off to something like $1.25 before
buying.

WN