Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Buckey who wrote (2750)	1/20/1999 2:52:00 PM
From: Chad Barrett	Read Replies (2) of 62348

I have been watching MCF and I'm not ready to get in at this time. The volume is way down! It traded about 3 million in the first 2 hours. Since then it has only traded about 500,000 shares. Also, when I look at today's chart, you can see that in the first 15 minutes or trading it fell below yesterday's close... it hasn't been able to get back above that level since then! Before this becomes a buy again, I think we have to see it move up through yesterday's close, and we need to see more activity again. (the pros could just be sucking up shares right now though... with the intent on running it up again soon.. ?) If it runs up near the close, I might take a position to hold overnight... but without a clear sign near close I'll likely stay away. If you are holding shares right now, have your stop loss in... I guess that's the smartest way to play it... wait and see? Chad

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