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

To: Graham Hickey who wrote (1221)	6/3/1999 6:26:00 PM
From: Kevin Hamlin	Read Replies (2) \| Respond to of 2259

I bought a good chunk of Mitel (MLT) today. There's been quite a few crosses the past two days which first caught my interest and attention. What brought me into buying the stock today was the aggressive buying through Midland, who today alone bought 167,700 shares and sold none. They were buying throughout the day and at every price level. MLT closed at $8.05 (high for the day), and up 40 cents on the day. Midland purchased over 30,000 shares at $8.00 and above and over 20,000 shares were purchased by them at the $8.05 level! By the size of the chunks they were buying (usually 5000-10,000 shares at a time), it was pretty clearly institutional buying coming into the stock. By the looks of it, a new uptrend is starting to form on the charts and a nice double bottom is there. By the buying/crosses that started yesterday and today, looks like the big boys are saying its the bottom too! Regards, Kevin