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


To: Kevin Hamlin who wrote (1222)6/3/1999 6:56:00 PM
From: Ward Nicholson  Read Replies (3) | Respond to of 2259
 
PTI:

Somebody check my TA logic here...

PTI looks like a great play longer term, but I went short
today thinking that it needs to consolidate its gains in
the short-term. It tested (sort of) its high today (double top)
on much lower volume which, to me, suggests weakness in the
short-term. Additionally, there are more US economic data
coming out tomorrow morning that may give the North American
markets more reason to worry about a hike in interest rates.
I get the feeling I should have waited until tomorrow to
take a position, but I've got a buy-stop in place.

Comments?

WN



To: Kevin Hamlin who wrote (1222)6/4/1999 9:51:00 AM
From: Graham Hickey  Read Replies (2) | Respond to of 2259
 
I have been watching MLT too. I am waiting for a little more volume.

Other positions I like is RIM - short and ATY - long.