Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: the Chief who wrote (1840)	1/8/1999 9:01:00 AM
From: Buckey	Read Replies (1) of 62348

I just wanted to expand a bit as I am a bottom feeder and like to take advantage of selloffs - I see selloffs on volume falling in to two categories for me. 1. a selloff on fear and really bad news where people are just getting out to preserve what they have left before the infamous HALT FOREVER. 2. A Mutual Fund or similar key holder selloff on volume for no apparant reason. If it is one house and you can ascertain that the company is in no great danger of imminent death. I think IDF falls into this category. The selling is more than the market will bear - Simple economics of supply and demand. Other instances or example 2 might be like an ANO - they had a lot of Asian money in the company from PPs at $3 and $4 fron 2 years ago. The asian market collapsed and these guys needed cash - they sold way more than the market would bear and over time this contributed to ANO going to sub 30 cents levels for a while this year - it is now back to 70 cents Good luck today -

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