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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: StockPro who wrote (11865)5/8/1999 2:49:00 AM
From: Rampant  Read Replies (1) | Respond to of 62348
 
I work in the business and Leitch is THE standard for instrumentation.
i would be careful, this is my purely fundamental perspective. They have solid market share and client base. The techs may say otherwise but I will always give them a wide berth. In fact it may be a buying opportunity. This is a well established company and in my humble.... not a daytrade.Again I have no intrest in this stock(PHNIIP).
Respectfully
Rampant.



To: StockPro who wrote (11865)5/8/1999 11:39:00 AM
From: WhatsUpWithThat  Respond to of 62348
 
FWIW (and with my extensive (not) experience, that may not be much), my thoughts exactly. I could't feel good enough about what *I* saw on the chart to begin to try this one.

Guess I'll leave it to the TAG (TA guy).

WUWT



To: StockPro who wrote (11865)5/8/1999 12:24:00 PM
From: keith massey  Read Replies (3) | Respond to of 62348
 
LTV - Leitch

I am open to all suggestions on how to play LTV next weeks. In the history of LTV (since 1994) they have never halted the stock to give
an earnings warning. No matter how good a company might be when an earnings warning comes out you can be sure that the stock will drop with volume. If it is a good company and the warning is not that bad you can expect a nice bounces spread over a couple of day periods. The drop leading up to this warning indicates that a lot of people have seen this coming and have already taken an exit. However we may still get some retail panic selling on Monday morning followed by a bounce on value players. This is a widely followed stock which average volume around 100,000 shares a day...on Monday we could easily see 500,000 share plus and hopefully some good volitility.

The first weaker support is at $23.80 (4/12/99, 4/23/99, Aug 98)...if it blows through this than then I would call the first very strong support level at $22.50 (9/24/96 and bottoms in June/July 98). The next weaker support level is at at $21.10 (3/1/96 and Aug 96). After that $18.70-$19 should be a very strong support level based on gap 8/21/96 and the accumulation in Feb-June/96. However I would be surprised to see this one to even break $20-21.

In my opinion this earnings warning wasn't that bad so I don't think it will dump that big. They have said the sales of server products for the quarter are down but they have since seen an increase in order intake.

This stock often see $5 moves. Hopefully it will become a good day trader/short term trader next week.

Could everyone else throw up your big cap. player for next week, support and resistance levels and why they should move big. I am proposing that every weekend (and nightly after the market closes) we should try and come up with a list of 5-6 big caps that are going to be movers and shakers in the next couple of days.

Last week NNC and NCT worked out great. These were both heads up in advance. CN.B didn't play out as well but I didn't trade it as soon as I saw the lack of movement and depth.

Best Regards
KEITH