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To: Olu Emuleomo who wrote (50716)	4/16/1999 12:27:00 AM
From: H James Morris	Respond to of 164684

Even the Canadiens, or Canadians, expect volatility. Trust me. >> TORONTO, April 14 (Reuters) - Toronto stocks gained almost one percent on Wednesday's open on sustained demand for large capitalization shares but trading was expected to be volatile as investors consider taking profits. The Toronto Stock Exchange's benchmark 300 Composite Index rose 62.8 points, or 0.87 percent, to 6976.10. Volume was high at 12.9 million shares worth C$235.76 million. Advancers outpaced decliners 270 to 204 with 202 issues unchanged. The TSE S&P 60 Index was up 3.86 points, or 0.94 percent, to 415.59. In New York, the Dow Jones Industrial Average dipped 1.95 points, or 0.02 percent, to 10393.06. The Nasdaq composite index was up 26.91 points, or 1.04 percent, to 2610.41. "There's still strong sentiments behind the larger cap stocks but nagging in the back of peoples' minds is: 'Should I take profits?' and that's the battle going on right now so we're expecting a volatile day of trading," said Craig Strachan, vice-president of research services at TD Evergreen. Mining firm American Gem Corp. , which plans to sell sapphires and jewelry on the Internet, once again led the TSE by volume as its shares gained C$0.04 to C$0.71 as more than 1.6 million shares changed hands. Aerospace and transportation equipment maker Bombardier Inc. was second most active, up C$0.50 to C$20.50, after reporting late on Tuesday earnings of C$0.27 a share compared to C$0.20 and a 30 percent increase in its quarterly dividend. Overall in Toronto, 11 of the TSE 300's 14 subgroups traded higher led by a 1.61 percent gain in the financial services sector. Banking stocks account for 21 percent of the index weighting. Royal Bank of Canada gained C$1.35 to C$77. Strategic Value Corp. said it would pay C$4 a share to merge with O'Donnell Investment Management Corp. Industrial products was a close second, up 1.48 percent. That subindex includes high technology stocks, like Northern Telecom Ltd. which gained C$1.40 to C$108.65, and Internet firms like JDS Fitel Inc. JDS is due to issue its quarterly results on Wednesday but the stock was already up C$1.50 to C$93. Paper and forestry products rose 1.07 percent although pulp and paper firm Harmac Pacific Inc. posted a loss of C$0.30 versus a loss of C$0.58. Its shares were unchanged at C$4.35. Oil and gas, however, was down 0.11 percent slipping on a C$0.21 dip in Brent crude oil values to $14.99 a barrel. Shares in Marathon Oil Canada Ltd. fell C$2, or 4.7 percent, to C$40.50. Germany's Xetra DAX index fell 1 percent as antitrust proceedings by the European Commission began against DaimlerChrysler AG. The automaker's stock was down 1.95 percent to 90.16 euros in Frankfurt and fell $1.18-3/4 to $97.43-3/4. Bullion values in London rose $0.40 to $283.85 an ounce while aluminum gained $0.50 a tonne to $1289 which augured well for Toronto's mining stocks. Those companies make up a quarter of the overall volume of trade on the Toronto Stock Exchange. Inco Ltd. , the western world's largest nickel miner, rose C$0.30 to C$21.05 in moderate volume. The Canadian dollar, often considered a commodity currency because of the country's history as a hewer of wood and drawer of water, slipped to C$1.4920 ($0.6702) from Tuesday's close of C$1.4911 ($0.6706) which brushed a two-month high. CHC Helicopter Corp. said it would bid for 45 crowns per share for the remaining 70 percent it does not own of Norway's Helicopter Services Group . CanWest Global Communications Corp. posted earnings exceeding analysts forecasts after Tuesday's close of C$0.26 versus C$0.21. Its shares gained C$0.40 to C$18.75. ($1=$1.49 Canadian) <<

To: Olu Emuleomo who wrote (50716)	4/16/1999 8:10:00 AM
From: Sarmad Y. Hermiz	Respond to of 164684

Olu, >> The solution is a buy-to-cover stop..... Right. Especially in this case. With the stops, I am concerned if the price gaps past the stop point. However that happens only at open. During the day it is not a problem. But to tell the truth, it never occurred to me yhoo would get over 190 yesterday. It seemed like it would carry out my prediction of 170, then 150, then 130. So when it got to 172, I was beginning to feel very clever. What do you think. Is this a reversal of fortune. The up-trend is back ? Or a selling opportunity ?