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

To: seismic_guru who wrote (34294)	4/6/2000 6:47:00 AM
From: Taylorm.	Respond to of 62348

Chief, I think you may be on to something with berkley petroleum [bkp] and other cheap energy stocks. From this mornings globe and mail. globeandmail.ca

To: seismic_guru who wrote (34294)	4/6/2000 7:32:00 AM
From: AllansAlias	Read Replies (1) \| Respond to of 62348

In general I don't know jack-squat any better than anybody, but I want to reiterate for the digital record that this thing will get queer before it gets better. I continue to believe that we have not yet seen the sort of correction that is required to give the bulls control again. Although My Tuesday prediction that we would have the biggest down day in history for the NASDAQ was killed by a stunning close, it turned out to be the biggest intraday drop/range in history. My point is that I think this probably portends something more ominous. I hated that close yesterday. It barely took out the previous day's close and, more importantly, the late sell off showed a lack of conviction. The COMPX chart is a mess IMHO. Short-term averages are starting to come down to their longer-term cousins and that ain't ever good. If we can make it through the next few days without another day like Tuesday, which I personally doubt, then I would become a believer again if the NASDAQ builds nice and slow and takes out 5000. If on the other hand, it blows through 5000 real fast, then I would think it would be a fantastic time to bet against it with puts or somesuch. (Never bought a put in my life. If anybody has played with index options, could they PM me? Tx.) All this matters not for the trader. It will only hurt people who are holding longer-term. But, I do have trouble understanding the logic of holding stuff in a LT account when things head into the dumper. I have great respect for the posters here and they certainly are by and large better traders than me, but to say that holding a loser is OK 'cause it is in the XX account is kinda silly. To me it is as illogical as holding "free" shares during a period when they are becoming less and less "free". BTW, the Yahoo numbers were good, but they did not beat the "hoped for" numbers. Good clean fun and the smart money is always on me being wrong :) --Allan