Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: keith massey who wrote (83)	11/22/1998 12:16:00 AM
From: Steelguy	of 62348

Actually....I would like to comment quickly on your comments earlier today or yesterday about playing with stocks that are of larger denominations.... I agree with you wholeheartedly that the " small" investor must not shy away from these... I look at the trading I am doing in my father-in-law's account ( don't want to lose that money...YIKES ) I bought him some CIBC stock in September I think @ $ 29.10.....watched it go up to $33 shortly after and then tank again down to around $25 or so and now she looks like things are really shaping up.... Now.....he did not buy much stock 200 shares but right now ...we are looking at a nice percentage return on these shares and I am sure that we are going higher... I will start with some stops now for him at $ 33.90 I think and will keep moving them up... I expect that the banks will do well next week and we might see $ 40 + in the next week or so. My point is this....with $ 6,000 dollars he will most likely make some good money ( relatively speaking )... I suggested CIBC instead of the many riskier stocks that I play with because I felt the downside was very minimal at $29 and he is still "in the game " as they say. So.....I agree that the smaller daytrader and investor should not always look to leverage for his trading choices....I however...usually do. Have a great night sg

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