Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Wizzer who wrote (2961)	1/23/1999 10:21:00 AM
From: Steelguy	Read Replies (1) of 62348

Wizzer,Chief and all, Wonderful to see you all as active as ever...I miss the fun. Bii has been interesting to say the least these past two weeks. The huge run up to 9.90 was, in my opinion, the final push from the frenzy and we will not see that number again UNLESS we have legitimate news as to Nasdaq listing. This is only my opinion of course. I took that opportunity to move all of my paper out. Most out at 8.50 and the balance at 8.00 and 7.20. Quite a nice run I must say. Since this time we have seen mostly daytrading opportunities and they are glorious to be sure. Last week's panic selloff morning down under $5.00 was incredible....I was in at 4.50 but she bounced off of 4.85 and never looked back...then over $7.00 ....wow! HOwever, Wizzer, I agree that we are seeing a new pattern this week and this is what has made me play with the stock but not hold overnight anymore as well. I was in yesterday at 4.95 and watched it back up to 5.50.....decided I would wait until 10 minutes before close and move out the position no matter what it was at....thought it was going to keep rocking but alas, I saw myself trading out at 5.05.....I think I have enough for 1/2 a tank of gas and some gum Wiz. Such is the gamble huh...... THis latest pattern though of bouncing up and then retracing farther down each day in my opinion is very bearish. I don't think we have seen the low from the latest rally yet. Bii is tracking US net stocks, world economic sentiment ( ie: Brazil ) and general trading tug of war. Each day should bring opportunity but I would say that anyone holding right now for a longterm position is letting profit slip through their fingers. I am truly doubting whether we will ever see the stock on Nasdaq as there have been too many calls by others to IR hearing about cable deals in a week etc.....rings a lot like other IR baloney I have heard many times. I actually said this months ago but was slapped around on the BII thread for mentioning it. so.....I am not trying to bash the company now that I am not long as I will most likely be there again but not for longterm for now. I agree with WIzzer and CHief that caution is the order of the day and an ear to the ground at all times as to what the " broader market " sentiment is will help. all the best my daytrading gurus........... sg

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