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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: Cameron who wrote (15914)6/4/1999 11:46:00 PM
From: Roderick   of 62348
 
BII.T Cameron:

>>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.

Yeah...that was me. Re. efficient markets. Unfortunately, I am have been trained in the dismal science (economics) and thus have been indoctrinated with the belief in market efficiency. ;-)

If you want to shoot the sh*t about why I think TSE MD more or less reflects NAS LII PM me and we'll discuss it.

Short version: the big boys, at the push of a button or two, can execute an arbitrage trade, we (more specifically I) have to go through a whole bunch of crap to make that trade (imagine trying to do that on Greenline!) We, therefore, don't have much of a chance against them (Yes, I'm aware of that Chief tried to do it recently). That is why I said what I said about MD and LII being the same. It may not show the same, but by the time we can get around to taking advatange of an arbitrage situation, it is probably too late. It is more an execution problem than anything else.

(I know it isn't very short). This is just my opinion only.

Rod
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