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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Rampant who wrote (27311)	12/16/1999 12:31:00 AM
From: Cameron	Read Replies (1) \| Respond to of 62348

<<if it has MOMO I might buy again tomorrow>> Ah... someone has seen the light. As for all the talk of what the correct valuation for COR is.... (a) who cares and (b) who knows!!! The market will determine what a fair price is on any given day (and it will likely be relative to RHAT) and as for the long term viability of Linux as a competitor to Window only time will tell (I have Linux on 2 machines and Windows on 2 machines so I guess I'm a fence sitter<gggg>)!!! If a lot of application developers start putting out stuff it could blow Windows away cause god knows that as both a server and a desktop it is about 1000 times more stable!!! But whether that will happen or not I don't think anyone can accurately judge right now, given that it is in its infancy as a commercial desktop O/S!!! It still has liquidity and volatility... the stuff day traders' wet dreams are made of. I'm not long because I like or dislike COR... I'm long because I thought it might try and bounce off of what I believed to be a support level.... I judged wrong ... but it has nothing to do with whether it is a good company or whether their Linux entry is a good product.... let's take all that nonsense to the COR thread please!!! All it does here is introduce bias which could muddy up someone's MOMO trading. What I do tomorrow will depend solely on how it trades... I might sell and then buy back, or go short at that point... or whatever. If we wanted to bash stocks based on fundamentals I'm sure each of us could totally piss off the rest of us (ie. Swami.... have you thought about the impact that mass producing boards for low cost generic set top boxes is going to have on ATI's margins - there's no way they deserve their current multiple!!... just an example, I actually like ATI)... The thing I like about this thread is we don't get into that... let's not start.... even after hours!!! Also, I think it is important for anybody who gets stuck in any stock not to beat themselves up too much. You win some and you lose some. As long as you win more than you lose you're ahead. I think the critical thing at this point is managing the downside appropriately.... whether your strategy is to hold (invest) for a recovery, walk away, average down, sell and immediately go short... or whatever depending on where it opens. On a more general note, the TSE software sector completed forming an island top today.... a very bearish signal by most TA standards. Everyone may want to spend a few moments reviewing exit strategies (including me!!), just in case things start to head south. I'm not saying they will, simply that you may want to spend some time planning your trades....if you haven't already. See you all in the AM for a fun open, one way or the other!!!