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

To: Greg R who wrote (711)	2/11/1999
From: Kevin Hamlin	Read Replies (1) \| Respond to of 2259

Hmmmm Greg. I guess we're just looking at things differently here regarding ac. By my eyes, the "perfect downtrend" would have had it strongly testing or breaking $6.00 today. It didn't. And on a day too when the market in general certainly wasn't offering a helping hand for buoyancy....in fact, the opposite..... AC resisted. It would have actually closed flat on the day except for a very few trades that went through at $6.05 By my (rough) count: About 20,000 shares traded at $6.05 About 330,000 shares traded at $6.10 About 430,000 shares traded at $6.15 About 55,000 shares traded at $6.20 Now I know a lot of people pay attention to the "closing" price. When I'm looking for the bottom on something, I tend to be a little more interested in where it's "really" trading during the day. Clearly today, AC is a $6.10 to $6.15 stock. Now if you put one of those more representative numbers through into your charts, you will get a different story than just looking at a $6.05 close which only represented a whopping 2.5% of the total trading volume today. Could AC go down further? Sure it can. Anything can happen I suppose. But from where I saw it really trading today, it was showing some definite strength that has been lacking for the past week or so. This is why I bought. Regards, Kevin