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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (1401)	6/30/1999 12:44:00 AM
From: keith massey	Respond to of 2259

Russett put your DD first. You seem to use the technical analysis to confirm your DD, and chose your bid and asks Yes and No. For some of the stocks I day trade I only know the basics. If a stock is starting to move I will very quickly go over the past couple news releases and any others that stand out. I will quickly check their latest Sedar reports and check Carlson Online for insider holdings and short position. This can take less than 5-10 minutes so I wouldn't really call it true DD. I am only looking for any huge red flags that say "don't touch this with a ten foot pole". If you are trading just off TA you really don't need to read anything but I always feel safer if I know a little about the stock I am getting into. I have found that after going over 1000's of stocks the "red flags" stick out like a sore thumb now. Other the other hand I keep up with the fundamentals of the 50-100 top volume stocks on the TSE. I probably don't go as in depth as yourself in my digging of the blue chips but get a good feel for the company and how news will effect the price. However I can watch a great company for several month or years before I final get the "technical signal" to buy or sell it. A lot of times the great companies stay undiscovered for years. Why lock up your money until it is ready to move? Now with all that being said I have found myself getting farther and farther away from fundamental analysis of stocks and have started just using TA for buys and sells. I was spending tons of time doing fundamental analysis and then found that after all was said and done all my buys and sells were based on TA. So I asked myself, why waste my time with all the hard core fundamentals? Best Regards KEITH