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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (5303)	1/9/2001 7:30:31 PM
From: Ally	Read Replies (1) \| Respond to of 8925

Michael, Re: RRSP, have you looked into maintaining a US money market fund in the RRSP account and redeem/deposit on buying/selling US stocks? US money market is domestic content and not subject to foreign content. The advantage is the avoidance of foreign exchange spread which the banks from on each trade. TD Waterhouse would use same exchange rate on the money market and stock transactions so there is no spread. However, you would need to call them and ask for this treatment on each trade since it is not automatically set up to do so. Also, important when doing the initial bulk conversion into US money market ("inventory dollars") that the exchange rate is favourable. At this time, with US rates going down, and Cdn rate stable, there is good probability of Cdn dollars going higher.... in which case, better to wait till US rates have gone down further.

To: Michael Watkins who wrote (5303)	1/9/2001 7:38:03 PM
From: Ally	Read Replies (1) \| Respond to of 8925

Great points on BVF Michael, thanks! It'll be fun as I crawl under a new skin from FA to TA. Mmmm... wonder if I could be a chameleon. I bought back GX yesterday morning when the chart showed that the retracement has gone far enough (only $1 LOL!). Working on the concept to buy on every retracement and resell on small parabolic ups, thus maximising profit. Sort of a typical ideal dream of a beginning TA practitioner. LOL! Luckily it worked with GX. It gapped up $2 this morning and I immediately sold on the gap because I read somewhere (probably Toni Turner's book) that it is a good strategy to sell on opening gap, and buy back on retracement. Only it didn't retrace today. So, now I wonder whether after all it IS the right thing to do! All this trading in and out would just grow TD's earnings rather than mine. Wouldn't it be better to just hold in an upward trend and not attempt to go in and out? (SI is strange today... won't allow posting if message is to long.)