26 PENINSULA NEWS REVIEW INSIDE SPORTS Wednesday, April 22, 1998

e last few years have seen a remariable increase One of the most common is called a “stop loss order.”
| in value of both the Toronto Stock Exchange and _ The principle is very simple. You choose a price, below
the Dow Jones industrial Average. _ where the stock is selling. :

One of the areas which has participated, and in fact This must be a price at which you would feel com-
led the index, are the stocks of the fry ee fortable selling your. stock, yet far .
nancial services companies. This in- - enough away from the current price
cludes banks, trust companies and that you are not likely to have it sold.
mutual fund companies. - Let's assume you bought Bank of.

‘The reasons for the leadership role Montreal common stock at its 52-week
of the financials is a combination of low price of $45.45. As of the close, April
falling interest rates, improved pro- 15/98, the stock was at $85.40. At this
ductivity, a reduction in bad loans, an point you don't really want to sell the
increase in service charges and au-’ stock in case it continues to increase in
tomation. In addition, the recent trend "| value.
towards Mergers has meant that these: You don't want to see your substan-
companies are “in play.”, ; tial profit evaporate. if you put in a stop

‘The question at this point in loss order at say, $80, the stock
the cycle is where do these would only be sold if the current
stocks go from here. Almost price declined from $85.40 to

daily new record prices are be $80. It is important that you

ing established. - know, however, that at that level
Does one buy, sell or hold? your order becomes a market
While there are a prolifera- order.

tion of opinions, the answer is In other words, you may not

that no one knows for sure. seceee ~ pet exactly $80 but it does trig-

. Hfyou hold some of these or other securities that have. ger the esale. Thisisa way to protecta substantial portion
moved up Significantly in price, there are a couple of. of your gain while leaving yourself in a position fo bene-
things you can do to protect your profit : ‘fit if the stock continues upward.

) )) NESBI TT BURNS ss reatpn Sommerfeld, ECS.
Member ‘tebe Bart ol ontest Grove of Comnvanies ao o _ Senior Investment Advisor oe :
102-8845 Resihaven Drive: “ead

© Sidney, B.C. VSL 3E9__ ~ Tel @50) 655-2320

Sunday oie opening day for the Sid- ance of
_ ney-North Saanich Little League at Rotary t h e

Park, and for most of the league's 39 teams league’s
_ the field of dreams was the place to be as m-os t
“League President Sheila Paulson kicked off prized.
. the 1998 season with draws for the kidsand © posses-
commemorative plaques: for. some of . sion —an
- SNSLL’s deserving volunteers (the Squid encased
Roe Stingrays won the five-pound choco- - baseball &
~ late bar). . signed by the 1934 American All: stars, (there
There to throw out the ceremonial first _ were only four signed) that includes the sig-
‘softball pitch was North Saanich Mayor -. nature of two of baseball's biggest names,
| Linda Michaluk: Sidney Councillor. Tony. Lou Gherig and the Sultan of Swing bineselt

- Whittall: did “the baseball honors’ and » Babe Ruth. oh

‘Saanich North-Gulf Islands MLA Murray : The lineup formed to the Tight. ~
he Coell:was behind the plate. Little League baseball, pointed o out Paul- fof,
«.. But the highlight of the day, as its ‘been “gon, has been an integral part of communi- =}
a for the past four ‘seasons, was the appear- ties throughout th ‘the world since 1939. oe

ming off their best game. of the season
a 210 route over the Wolverines from ‘Saanich
— Sidney’s Atom Wildcats were in tough in Es-
quimalt Saturday, dropping a a 130) decision tothe
frst place Sun Devils.
~ “Itwasa tough loss, but’ we were missing four
: £ or. our key players and it cost us," vhead coach :
oF Gary Barker said Monday. ae
_ Not to.worry, as:the tough little am with” : Sioa. :
: speed to spare bounced back Sunday by rolling ~The 7-2-1 Wildcats take on the Gordon 1 Head ia
over Oak Bay 33-0. “ » Raiders Saturday i in week nine of the Vancouver oy
: Anthony Norman got ‘the job: done’ on RE

“the vein emacs
S pa ntribpetes CHURCH HALL |

9296 East Saanich Road, North Saanich.

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Swimmers are guided by coaches through a training program,
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