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

To: Kevin Hamlin who wrote (432)	1/13/1999 9:47:00 PM
From: Ward Nicholson	Respond to of 2259

RCI.B Here's some good reading...I watch this stock in total amazement. I was actually short RCI.B last May when it broke out to $12.00. Rogers Communications Inc RCI.B Shares issued 232,440,560 1999-01-11 close $16.75 Tuesday Jan 12 1999 The Globe and Mail reports in its Tuesday edition that there is no better example of "capitulation buying" than Rogers Communications, long a name to avoid for fund managers, but a story that everyone's been turning to as of late. As reporter Andrew Willis writes, the single biggest reason the company is flying is that fund managers are desperate to be involved in any stock that is on the move. In Canada and the United States, the majority of fund managers had a miserable time in 1998, underperforming major benchmarks. Anxiety levels are sky high, jobs are on the line. Until last month, very few fund managers had significant stakes in Rogers, unable to find reasons to like it. But when a major TSE 300 stock such as Rogers is rising 34 per cent in a week and it's not in your portfolio, you're going to underperform. The table was set for a rally. In recent days fund managers have been snapping up Rogers. But for the company to justify their faith, Ted Rogers needs to deal with that $5.6-billion debt load. And a deal with AT&T Canada is still just rumour. Hence the term "capitulation buying." (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com