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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (1543)	10/26/2001 12:29:28 AM
From: LeonardSlye	Respond to of 8273

So, the new masters of the CDNX want to “leverage the strengths of both organizations with a view to providing more effective and efficient service to our customers.” Yeah, they’re leveraging their strength alright, and using it against us. And we’ll be getting serviced in that way that a bull services a cow (BTW nice “stroke the bovine” analogy earlier Ralfph, you’re absolutely right, in fact that analogy could work for a lot of scenarios). They’ve leveraged us into having to pay for market depth. That stinks. I won’t do it. I’ll quit trading on the CDNX. That’s my knee jerk response. But, it’s like feeding the hand that bites (or I guess pinches) us. That stinks. The TSE begins to close down on CDNX information and I’m ready to run to them. I’ll just drop the CDNX from my real time quotes and only trade the TSE. It’s cheaper, even with their market depth charge. That stinks too. I like trading on the CDNX. I’d like the choice. As a part of their new “effective and efficient service” maybe they could knock down the exorbitant prices they charge companies like StockWatch for RTQs and market depth. As we well know, all of the prices we pay for the CDNX are at least double that of the TSE equivalents. The CDNX has been doing a great job of screwing us already, now they’ve got the pros in from Toronto to finesse the job. If they aren’t going to give access to their delayed depth, then StockWatch and the like will not be doing it either. It will be just like the TSE on them. That’s just what we need alright, more secrecy unless you pay to get inside. That stinks. But, in this one, we have no decision to make other than to pay the toll or not to pay it. That really stinks. The main reason I like to work stocks on the CDNX is because of the market depth. It got me out of AOO (a nice little anthrax company) this morning near the high when a bigger fool came along who obviously hadn’t been looking at the depth, I was looking at almost nothing else. It’s a great tool for timing. We need it. We know it. It's competitive out there. The last time Scotiabank discount brokerage said they were going to do something for my good, the price went up and the product quality went down. My last e-mail to them began, “It will be a cold day in Hell”. My e-mail to the new masters from Trawna will begin the same. That’s not obscenity, that’s fact, it will be difficult holding back though. Their greed will destroy any chance of building credibility in the CDNX. What the Pezim types couldn't do over the years, the TSE will do with one memo. I look back with a lot of fondness at the good old ASE, remember them? You could tap into a great data base there. Now, the VSE and the ASE have been absorbed and digested and all of the real strengths that gave us variety and choice have been eradicated by the TSE. That stinks. Thanks for the heads up Marcos. I’ll definitely be letting them hear my viewpoint. Happy Trails, Lenny