Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: bigbuk who wrote (15903)	6/4/1999 4:22:00 PM
From: Cameron	Read Replies (1) of 62348

A Lesson Learned.... Interesting experience today on BII that I thought was worth sharing. MD looked good on TSE... should have easily sailed from $13.10 to $13.40 (as far as I could see). Number of bids greatly exceeded asks in terms of both absolute number and the number of shares involved. Demand clearly exceeded supply. Every time it started to climb however, shares just got dumped in (by DS) from the USA. Sometimes actually pushing it down a whole price point. Poor old bid.com never had a chance. Someone here, a couple of days ago, said they never tracked NAS because they believed that TSE MD would be reflective of NAS Level II (seems reasonable if you believe in efficient markets,etc.). Obviously not the case with BII today. I learned a valuable lesson and fortunately it only cost me the commissions. I'll think twice about entering these trades in the future... certainly won't be under any impressions that reasonable demand on the TSE can drag the NAS up regardless of TSE MD in these circumstances. Anyhow... for what its worth.... just thought that others might find the perspective interesting. Everyone have a good weekend.

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