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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: the Chief who wrote (15)11/20/1998 3:37:00 PM
From: keith massey  Read Replies (1) of 62348
 
Chief

You are going to be a better moderator than I ever was. Hopefully both threads will stay active and informative.

Since I feel free to post now.

Bought TD at 48.00 and holding. I waited for a pull back. Around 11:00 the stock started going down and then huge bids started showing up on market depth. The asks started getting hit so I jumped in. TD announced above expected earnings yesterday and RY announced them today. The bank stocks did a sharp rise yesterday. All the banks stocks are showing up trends on rising volume for the past two days and will probably gap up on Monday after weekend traders read the earnings stories on TD and RY. These banks are not - I repeat not - a long term hold in my opinion. With more banks to report earnings the sector may get a little hotter still.

Best Regards
KEITH
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