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

To: Essam Hamza who wrote (370)	1/9/1999 6:40:00 PM
From: Ward Nicholson	Read Replies (1) \| Respond to of 2259

PRX: I agree that we may not have seen a bottom on PRX. I know this is a momentum thread and that PRX is not a momentum buy, but I do think it's entered into the realm of "watch closely now" for a bottom to form. I only took a small, easily flippable position based on the value of PRX as an equity. You might note that some fairly serious buying started to come in on Friday afternoon. By my estimation about 65% of Friday's volume was positive volume. I think this is a great time to accumulate resource stocks. However attractive VSE/ASE equities may look though, I've totally abandoned the junior exchanges. They are just too illiquid for the positions I like to take. I want to be able to sell a position in 5 minutes if I want. I do follow the VSE/ASE indexes as a barometer of the resource market, but there's no way I'll play any resource stock if it's not on the TSE and not liquid. Do you have an opinion on ALG? I just love this chart. WN P.S. I use my SDRSP account for long positions and my margin account for short positions.