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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: Shack who wrote (47301)1/28/2001 10:05:37 PM
From: Vitalsigns  Read Replies (1) of 62347
 
Wonder how much momentum The TSE has killed with the new penny increment on stocks above $5. This will cause the stocks to trade at a more narrow range and any run will have to overcome extra price points to achieve the same run.

Example , a stock that runs up $1 will now have a possibility of having to trade at 100 diferent point levels to go up $1 (Ie 10.00 , 10.01, 10.02 . 10.03 , 10.04 ... ) instead of in the 20 different point levels in the past ($10.00 , 10.05, 10.10 , 10.15 ...).

Something to watch in the coming weeks IMO

Vitalsigns
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