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Gold/Mining/Energy : Canadian Investment Resource Guide -- Ignore unavailable to you. Want to Upgrade?


To: Luc N. who wrote (415)1/3/1999 10:57:00 AM
From: Mike Perras  Respond to of 591
 
Hi Luc:

I have no TA on Noranda. But it is at the 52 week low with no one recommending a SELL & very few shares being sold. AVG is 1.5 million a day & currently only 100 to 300 thousand a day trading now.

Your tax loss guys are out with 10 & 13 million shares trading per day prior to Christmas .. so I'm guessing they'll take their tax loss & buy back in at a great price.

Unless of course there is some really bad news coming which I haven't seen .. can anyone speak to that issue.

This is a large player, so if the buying comes back, it'll be all the major funds buying in with volume ...

I'm no expert of course .. just one man's opinion. Good Luck.

Mike