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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (3954)	1/7/2002 2:18:37 AM
From: Michael Watkins	Respond to of 5144

I think I will use XIT myself in place of QQQ at times; avoiding the currency conversion in our RRSP accounts will be useful in itself. And when its trending it gives a lot of bang for the buck. I'm a little less concerned about the liquidity of these things since I never day trade ETF's - its all position trades for me.

To: russet who wrote (3954)	1/7/2002 10:35:54 AM
From: Cush	Read Replies (1) \| Respond to of 5144

Hi Russett. Regarding the market traded X funds. I see your point about how the XIT and others have been trading. You picked a good month for trading these. For my part, with my trading pattern (which is relatively short-term long positions), I would find a thinly traded stock a high risk, no matter what it was based on. I'd still worry that with a negative world event, or an earnings warning from the likes of Nortel, the bottom could fall out, and I wouldn't be able to liquidate. A run like we've experienced for this past month makes it hard for me to evaluate the validity of any stock trading system. For example, most weekends (and some days) I run a number of scans based on technical indicators. For the past month, almost every scan looks great. No matter what the criteria were, buying a basket of stocks and holding them over this past month, turned out to be a good decision. I don't take this to mean that all of my scans are working well. The iUnits and that TD fund appeal to me, but I'm looking for more volume, before I'll feel safe investing there. I am going to create a portfolio over in StockCharts so that I can track them more than I have been. Thanks for the links and the ideas. Cush

To: russet who wrote (3954)	1/8/2002 8:10:34 PM
From: Cush	Respond to of 5144

Russett, Michael: I've been looking at the iUnits some more. It still seems odd to me to think of trading any lightly traded stock, but looking at the charts and re-looking at the info presented in those links Russett provided, I may consider playing these, too. Thanks for ideas and info. Cush