Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: kingfisher who wrote (790)	3/1/1999 7:45:00 PM
From: Ward Nicholson	Respond to of 2259

HOT.UN: Hmmmm. I honestly don't know what to think of all these REITs with large yields. Sure they sound attractive, but I question the ability of these companies to pay them. I mean, if it were a sure thing, wouldn't they be more in demand and dictate a higher unit price? I know that from a trading perspective I'd feel better buying HOT.UN once it broke $9.00. Until then I'd maybe take a starter position and build on it if it went in my favour. Technically, it seems to be a bit of a toss up at this point. Whatever the case may be, I'm sticking to day-trading this market until a clear direction has been discerned. I've been flipping MLT and ATY to make up for my losses on RGO (out at $4.65). This market doesn't seem to have much momentum one way or the other. Man did LDM ever get smoked today. Today's trading was like watching a guy hit the ol' double cross of the tee on the 18th hole in a golf match...he tries to fade it and he pull-hook's one into the soup. I was bidding at $9.75 this morning and then I yanked it when the offers seemed to thicken through-out the day. No bounce at all. This company's lost 1/3rd its capitalization in 1 month. Ouch. WN