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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (8)8/10/1998 8:11:00 PM
From: keith massey  Read Replies (3) | Respond to of 4467
 
There may be few opportunities, but when chosen correctly they can pay off in a big way. It just takes a lot of research and the patients to wait for the trade to come to you.

I presently follow 100 mining and oil stocks religiously. I bet I have gone through over 1000 stocks to get this list. I have research the hell out of them and are all great stocks for some reason or another. Now I just wait and look for an entrance point.

When the stock does screws up - I take it off my list. A good example is Essex. I have been following them for almost a year without buying in. When the announced that they were spending all of their cash on a garbage property I took them off my list and added a new company.

This is how I got into BSX. I did my research ages ago and waited for the right trading pattern. It is trades like these that can make up for a few weeks without a trade.

In regards to brokers - maybe greenline is the best out there after all. The couple of times that the system has been down I call the greenline broker and get the webbroker rate. I stay on the phone with the broker until he tells me the trade has been fill (10-20 seconds if I am hitting the bid).

Best Regards
KEITH