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


To: keith massey who wrote (1188)5/30/1999 3:02:00 PM
From: Ward Nicholson  Respond to of 2259
 
CLT:

Well, I've been watching the base metals CLT and N very closely
the last few days. I think we're due for a bounce in this sector
but nothing spectacular. I just quickly flipped CLT last week for
a small profit, but I wasn't willing to go short. Both seem to be
close to a temporary bottom. Here's the sector:

canada-stockwatch.com

T S E METAL & MINERAL IDX - 12 Component Stocks
===============================================
Symbol Name
AL ALCAN ALUMINUM LTD
AUR A U R RESOURCES INC
BOL BOLIDEN LTD
CCO CAMECO CORP
CLT COMINCO LTD
FL FALCONBRIDGE LTD
IMN INMET MINING CORP
N INCO LTD
N.V INCO LTD
NOR NORANDA INC
ROM RIO ALGOM LTD
S SHERRITT INTL CORP

Most of these should have a bounce. Has anyone noticed how well
Boliden Ltd. has recovered in the face of that spill in Europe?

WN



To: keith massey who wrote (1188)5/30/1999 6:03:00 PM
From: Ward Nicholson  Read Replies (2) | Respond to of 2259
 
Metals & Minerals...

Just some more thinking aloud...if you look at the index
it would appear we still may have about another 5% on the
downside before encountering major support. If you then
look at the individual stocks you'll find the same figure
applies. For example, N at ~20.00, CLT at ~18.50,
FL at ~16.25, S at ~3.10, etc.

WN