Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Vitalsigns who wrote (21813)	9/24/1999 4:59:00 PM
From: Cameron	Read Replies (2) of 62348

Nano POWER!!! Well they were sure right on in terms of the market again today... I think that is 5 for 6 in terms of being very, very close. I might even give them tonight off!! <gggg> On an individual stock level they were a disappointment today... they had projected MCF to close at $7.00ish and ATY to close @ $16.60ish (note that the latter is down from prior forecasts). IMO was supposed to be flat but posted a drop. I'm going to have to give them a good talking to. In brief, after looking at the results last night I figured we'd see a soft market but with a bit of a bounce on the tech side which obviously didn't materialize. They were predicting MCF down significantly for several days earlier in the week... they obviously saw something in the data pattern which wasn't obvious otherwise... yesterday it dropped. Now they say they're seeing something that would indicate a rise is in order... well I guess we'll see... although I must say that I don't think I need a nano to tell me that MCF is going to go up again at some point in the relatively short term... but then who knows???? In any event, they seem to be making the calls too soon... peculiar... but something they should be able to learn their way out of. ATY - I'm not too impressed that they've revised their forecast down since I'm holding at an average cost of $16.55. It closed flat today with a decent looking MD so hopefully it has a chance of recovering a little next week... At this point, in for a dime, in for a dollar!! Fortunately ATY is a stock I don't mind holding a position in so I'm pretty relaxed about it. I'd rather be trading in and out of but we'll see what happens next week. They made great/profitable calls last Thurs/Friday so I don't want to push them too hard... again, I want to give them lots of time to run with this weeks info to see what they come up with for next week. In any event, they've done great with the market. Seem to be making good calls on MCF but a day or two in advance of the actual price swings - which is fine by me!! ATY they're showing mixed results. IMO they absolutely failed on today but there are only just over 1000 generations in that population (vs. MCF which is up to 9500). The projection was actually $30.50 +/- $.40... so $30.10 would have been the lowest price to still fall within their standard error. I'm hoping they just need more time to "mature". I did a few what-if runs mid day to see what their call is for Monday... dismal is the best word I can think of... down 100+ points... yikes. Given the turbulence in the market though I want to give them a lot of time to "learn" from this weeks experience before posting the final nano market projection for Monday. Personally I don't believe them. Looks to me like we should bounce off the bottom of a longer term price channel... if we break that trend the nanos might be right ... I guess I could see the market easily dropping a fair chunk if it fails... but I don't see it happening. I guess the good thing is that, for me at least, they've reinforced the need for caution and use of stops across the board on Monday... I have to admit that the nanos and my machine are both feeling pretty exhaused right now .. they've had a busy week... now so I'm going to let them take the night off. That way they'll be raring to go Saturday and Sunday. Everyone have a good weekend!!

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