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b4 economist sun7tribune april 30 1986 portfolio waxxsn cstoddazt timing important if buying stocks as everyone knows the secret to making money in the stock market is to buy low and sell high put another way this phrase might read buy when they cry and sell when they yell buying low means you should be purchasing a stock which has recently been experiencing a period of stability or decline in its price hopefully you are anticipating a substantial rise in the price of the stock allowing you after a reasonable period of time to sell at or near the high and realize a sizeable profit of course knowing that this is what you ought to be doing and actually implementing such an investment philosophy are often two different things many potential investors when thinking about purchasing a par ticular stock will ask whats it done lately if i reply that it has been trending lower and recently stabilized they are usually hesi tant about making a purchase if it happens that the stock has doubled in price over the last few months the prospective investor generally starts to reach for hisher chequebook at this point i tend to remind the person of the phrase buy low sell high i ask them to remember that it is not the past history of the stock that they are buying but rather the anticipation of future gains some of you are probably ahead of me by now realizing that the price of oil has declined by over 20 per barrel since the outset of the year that a drop of this magnitude is bound to be temporary and that most oil stocks have lost a good proportion of their value you might be thinking that stocks in this sector at a low represent good value at this time well oil company stocks are at a low right now but if you are thinking about purchasing some i would caution you for two reasons first of all although i believe the precipitous drop in oil prices is temporary temporary might mean anything from two months to two years secondly depending on the duration and severity of depressed oil prices many companies could become insolvent be forced to sell off parts their assets or even declare bankruptcy i suppose what i am saying is that although the oils are at a low right now they may go lower and some might never recover buying low is an excellent idea but i would advise against trying to be a bottomfisher dont try to buy at the precise bottom or sell at the exact top no one ever does except by coincidence dont be greedy buy on the way up and sell for a reasonable profit you will lower the risk involved by doing this if you are convinced that the oil stocks are a great buy right now make sure you are buying a quality company preferably one with a low debt load remember regardless ofdecling profits the oil companies must maintain their debt obligations for speculative investors i would recommend among the junior oils poco or rennaissence for the vast majority of us i would limit my recommendations to imperial oil or particularly pan- canadian petroleum 80 per cent owned by canada pacific and with very low debt and above all stay away from dome editors note warren stoddart is an account executive with yorkton securities 72 main st n markham 4714433 music man makes music in markham steve houston staff reporter martin damsell has wanted to make music since he was a boy an avid and versatile musician for the past 15 years mr dam- sell 31 traded in his guitar in the mid70s for a chance to get into the mechanics of music making he now operates his own recording studio in markham as he sees it today even when hes not making music hes making music im a musician first i dont want to forget my roots said mr damsell at his denison st studio last week if i hear something in my head i want to get it out of the machine the same way it sounded to me he moved into a markham building last november and con verted the empty industrial ware house into a stateoftheart re cording studio at an estimated cost of 100000 he aptly named the business martin damsell pro ductions an acoustics firm was hired to construct the sound reproduction booth while mr damsell per fected his work area with the latest in recording equipment though he has a grass roots musical background he had the foresight to include hitech and computer soundreproduction equipment for him it was a big step that has paid off the multi instrument digital interface midi system is one that has allowed mr damsell to continue to be versatile while re maining behind the recording console midi has become the foundation on which his clients music is built one midi component is a sim ple electronic keyboard that re sembles a piano at the touch of a button almost any musical sound can be reproduced for his inten tions midi is the answer its scary but its exciting at the same time he noted though you cant feel the energy of a live musician with the machine you have a lot of sound potential he admits no amount of high- tech gear can replace the live musician but for recording pur poses midi is crackerjack at re producing the perfect sound with out what he calls generation or sound loss the midi system has a 24track capability and sounds can be re corded directly from the instru ment to the master track the computer and midi should be looked at as a tool for the musician and not a replace ment he said it doesnt have to sound like a computer sound you only get back what you put into it in the future mr damsell would like to return to his roots and play music as well as produce it his ultimate goal is composing film scores from scratch recording is currently wrap ping up with unionville musician mark james fortin and mr dam sell is pleased with the results for now hes happy on his side of the recording booth this is what i do best so ill just stick with it he noted i think i was born to make music tribe new chief of mai marketing martin damsell kevin tribe has been appointed national director of industry marketing for mai canada ltd his appointment was announced by troup fyffe mai canadas vicepresident of sales and marketing located at the markham head office mr tribe leads a team of specialists dedicated to industry specific marketing as well as promoting existing products the group will be developing and ac quiring complementary hard- you should know that fi61 of adults in the markhamstcuff tile area say we do a good or excellent jot af covering local entertainment now you know source kubas and associates study marct 1984 details on request proclamation that the week of may 4th to 10th 1986 be proc laimed as nurses week 1986 in the town of markham carole bell mayor dr dianne l powell is pleased to announce that dr linda kuhn has joined her office for the practice of optometry at suite 202 8525 mccowan road ne corner of mccowan hwy 7 markham ontario l3p 5e5 eye examinations by appointment telephone evening appointments available 2943223 ware and software mr tribe has been with mai canada since 1983 most recently serving as toronto branch sales manager mai canada a subsidiary of bell atlantic corporation pro vides sales of basic four compu ter products software solutions service and education coast-to- coast mai canada has more than 3500 customers serviced by more than 500 employees in 10 branch offices and 32 service locations across canada currently the head office is located at 120 am ber st markham the parents council of brother andre catholic high school in markham would like v to thank the following merchants for their help and support towards the success of the fashion show on april 15 at the school anns boutique gift shop calabria bakery chesebrbughponds colours of markham mr jd cooper of sheri redding products dist didier iga eleven joseph fashions jewellery by june miracle mart molly maid of markham raymerville bakery port of beauty royal lepage re scarborough office sheridan nurseries the garden party total hair care tim clarke flowers total esthetics care total image visage of markham and white rose nurseries business directory sleepy hollow golf country club call about our all new blue card membership for 100 see our ad in todays sports section for information call 6402426 takenoticethatapubllcmeetingoftho liquor licence board of ontario will be held at the liquor licence board of ontario 55 lakeshore boulevard east toronto ontario on tuesday may 13th 1986at the hourot 1000o in the forenoon at which time the board will hear applications in accordance with the liquor licence act and regulations thereunder the following establishments have applied for a licence of the class indicated and the applications will bo entertained at the afore mentioned location and time applications for new licences mr gs pizza place restaurant town of whltchurchstouffvllle 467 main street unit 3 stouffville dining room licence andor dining lounge licence applicant alcarm enterprises inc santos italian cuisine restaurant town of markham 10 royal orchard boulevard thornhlll dining lounge licence applicant 647824 ontario limited tea masters restaurant 144 main street north markham dining room licence and or dining lounge licence and a patio licence applicant 640537 ontario inc application for additional licence which will be heard at appronlmately 1100 am fletchers restaurant town of whltchurchstouffvllle 1 fletcher boulevard rr 113 stouffville patio licence ucencee 629830 ontario limited and further take notice that any person who is resident in the municipality and who wishes to mako representation reiativo to the application shall make their submission to the board in writing prior to the dato of the hearing or in person at tho time and place of tho hearing copies of written submissions will be forwarded to the applicant liquor licence board of ontario 5 lakeshore boulevard east toronto ontario m5e 1a4 ministry of consumer and commercial relations the liquor licence act proclamation whereas a campaign by the ontario federation of anglers and hunters and sunoco inc which is en dorsed by the ministry of the environment is underway to provide for the annual cleanup of the province of ontario therefore be it resolved that the week of may 5th to 1 1 th 1 986 be proclaimed as pitchin 86 in the town of markham carole bell mayor sili business equipment ltd unit 12 34 sims crescent richmond hill ontario lab 1b8 sales rentals of new used office equipment toronto 416 7318284 toronto west 416 2235051 olympia international ja vanuden certified general accountant year round service personal corporate taxation accounting bookkeeping 2945851 computerized tax return service for personal small business fast accurate call ed 4714430 m w p0ray architect 6945424 design heritage renovations construction management consultations smim markham s gmt jdoiympia ibm short term deposits ihi 3059 days interest paid at maturity special rates on amounts minimum deposit 5000 over 50000 owmrvinr po box 539 standard 39 main street north rptjr trjnn markham ontario l3p 1x3 i kuo i telephone 2946365 member canada 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