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

To: Swami who wrote (51692)	7/10/2001 10:51:31 PM
From: technbio	Respond to of 62348

Hi Swami Noranda It will be more a short term long swing trade thread..LOL

To: Swami who wrote (51692)	7/11/2001 1:09:41 AM
From: Davy Crockett	Read Replies (1) \| Respond to of 62348

Hi Swami, How is that Swami snake charm working these days? I hope everything is going well for u & yours. >>>fairly negative sentiments everywhere considering we do not have a 1929 depression and Economy in Canada is actually growing..we are just seeing the tech sector being killed by the over-exuberance of investors in the past.. >>>>fairly negative sentiments...> not sure what u really mean... Do u mean the short-term a la intra-daytrading? If so... I don't think that applies to me... when I started it was an expensive tuition; I was referring to the learning curve that is unforgiving in an intraday environment. However, if u r referring to longer-term sentiment. U r right. I am bearish. I am bearish 'cause the longer-term charts tell me to be bearish. Even though I am bearish... it does not prevent me from playing the long side on what I consider bounces. To state the obvious, I would prefer to be bullish... but the charts wont let me in any timeframe. >>>>Economy in Canada is actually growing...> IMHO (& it really doesn't count for much <g>), it is a lagging indicator..., when the U.S. catches a cold (as the old saying goes), the rest of the world including Canada, catches pneumonia. >>>we are just seeing the tech sector being killed by the over exuberance of investors in the past.. > initially that may have been true... but unfortunately the "the tech wreck" has spread to what were otherwise once healthy sectors.. ie: Dupont or Nova chemicals r having a tough time, so is the oil patch & natural gas, banks, commodities of any type (except Gold), retailers, Bios, etc... of course there r selected stocks in each of those sectors that r ok. Pretty soon real estate & utilities will probably follow the tech wreck downward. Having said that, I will still play the long side of almost any stock (assuming the liquidity is there) in any sector again assuming the risk/reward ratio is present. If the risk out weighs the reward, I will stand aside... So maybe u & I & whoever, will be playing Noranda in the fall, along with BCB, CAE or SLE or whatever...LOL Of course, I am a great contrarian indicator... so the bottom must be in. Right? Regards, Peter