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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA) -- Ignore unavailable to you. Want to Upgrade?


To: Chas. who wrote (3107)12/4/1997 10:02:00 PM
From: Roman  Read Replies (1) | Respond to of 7966
 
You can place stop loss order, probably with every canadian broker. That's exactly what hurted stock so much after the first big news release, when market was expecting more then reallity



To: Chas. who wrote (3107)12/4/1997 10:10:00 PM
From: Alfonso Agostino  Respond to of 7966
 
I personally only put stops on stocks im day-trading. I don;t think that there is any restrictions on putting stop-losses on any stocks on the TSE. As well of course your going to expect volatility, i guess thats the essence of going short term or long term. For now day trading PUG and long on Ashton. However, i might put a stop-loss on ashton when I suspect the next release to be out. Because it would seem that all the attention is on the release of k14c pipe which i, as do many others, believe will be the next PR, and either way the market will react much more with that release. Therefore, if new release good then im happy as so is everyone else, if news release not good then save my ass and will probably pick up and lower levels for bigger profit in the future because i believe they got something.
anyone else want to comment on the stoploss issue.
BTW chuck how did you know that my closest friends call me Alfie or Fonz?
Good Luck Buddy
Alfonso



To: Chas. who wrote (3107)12/4/1997 11:33:00 PM
From: Blue  Respond to of 7966
 
Chuck, of course Canadians and everyone else in the world can use stops. The Toronto stock exchange is not exactly over the counter trading.

PS My discount broker won't let me use stops on NASDAQ. Gotta watch the market like a hawk.

PPS I rarely use stops because I feel it is worth watching the market like a hawk anyway when you are involved in speculative issues. And it's amazing how many times the market will come down to take out yours and several other people's stops before bouncing right back up again...pure manipulation of course...