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

To: Ward Nicholson who wrote (589)	1/24/1999 3:59:00 PM
From: Wizzer	Read Replies (2) \| Respond to of 2259

Inco: My understanding of Inco is that it is trading at or near it's all time low which is around book value. Is that correct? The added benefit of owning a stock like Inco is occasionally you get caught up in a takeover rumour. Unknown elements like this "sweeten" the pot, so to speak. It is extremely attractive to investors and other companies at this level, IMO. Just some thoughts to add to the TA. Regards, Wisam

To: Ward Nicholson who wrote (589)	1/24/1999 4:32:00 PM
From: Ward Nicholson	Respond to of 2259

CDV: Seems to be backing off nicely. Well-established uptrend in the 40-day EMA now. Lots of resistance at $8.00, but all that volume in December foreshadows great support at $6.00 to $6.50. Looks like a low-risk buy if it should come under $7.00. WN

To: Ward Nicholson who wrote (589)	1/24/1999 6:42:00 PM
From: Cush	Read Replies (2) \| Respond to of 2259

Ward: Regarding N and the charts. Thanks for these comments about Stochastic and trading ranges. I am learning all the time, and this forum and the "DayTrading" forum are great classrooms. Usually with Canadian stocks I run my charts at askresearch.com I have been using a combination of Stochastic, MACD, and OBV indicators, observations of the MAs, and gut-feel with some success. But I do know enough to recognize the difference between a good system and luck. As my discipline improves, I hope to rely less on luck and tea leaves. I'm adding N to my watchlist. It was there a while back. Based on the Stochastic indicators used by the ask.research site, I would usually wait until at least the 13-7-7 indicator turned. Then try to confirm with MACD. As it is the 5-3-3 Stochastic is turning; often a preliminary sign. As usual, I'll be listening to you tomorrow. Cush