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

To: TheMajor who wrote (1866)	12/28/1999 4:33:00 PM
From: Ward Nicholson	Read Replies (1) \| Respond to of 2259

Major: How do you play high-tech under the parameters of this thread? You can play whatever sector you wish. Personally, high-tech is not my forte. I tend to focus on natural resource based equities much more often than high-tech. However, feel free to be the tech "watchdog". I'm sure others will join in. We all have our strengths and weaknesses. Good traders will recognize that in themselves. I've traded LDM often enough that I feel I know it quite well and so I post my thoughts on it. While companies like JDU and NT move ever higher, my goal as a trader is to look for high- probability, short-term moves that yield around 10%. I do this all year long without regard to how high or low the stock moves in the longer term. Sure, one can buy and hold a company for a whole year and hopefully make a 60% return, but that's not my style. I'd rather try and make 5% per month on short-term moves and be 100% cash as much as possible. While this style may underperform in comparison to 1000% moves in some stocks, I know I'll be here long after those moves have ended. Regarding the parameters of this thread, my only wish is that people stick to issues that trade with good liquidity. Whether the company mines uranium or makes robots really doesn't matter. I'd also appreciate it if the penny issues be taken to Ed's thread. WN

To: TheMajor who wrote (1866)	12/30/1999 11:07:00 AM
From: New Economy	Read Replies (3) \| Respond to of 2259

Summary of Positions: IW.T GLE.T NLC.T I know how you feel about CIC, I have been sitting on the sideline since it first retraced to $33.00 or $38.00. I am holding IW-T @ $12.00 it bounced off $11.00 and $10.00 nicely. I think I got sick of day-trading my position when it ran - off on me. You just cannot day trade stocks on a up trend like that. I made some good money on COR-T. However, after it ran up past $38.00 and retraced back to $26.00 the first time around. I stayed way back on the sidelines. As for CIC: Remember the Golden Rule on stocks that make a new high, buy on the first retracement and hold on tight. <I check daily all the "usual suspects" in Canada from IFM to GIB.a to CIC and a range of others. Always waiting for a meaningful pullback which never seems to arrive, so am still on the sidelines>