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


To: keith massey who wrote (610)10/1/1998 2:26:00 PM
From: keith massey  Read Replies (2) | Respond to of 4467
 
It's been a good day so far.

I really like the strategy of bring up multi-day charts on stocks in the same sector. I just had a good flip with CM (bank)

CM looked like it had sold off too much today. It was done 10% when all the other banks were only down 3-5%. So I brought up RY, BMO and CM java charts and the TSE and started watching. Sure enough after a flat period CM dropped another .50 quickly to 25.40-25.50 and stayed there for 10-15 minutes. When I saw that RY and BMO had not dropped but had both gone up .5 and .10 respectively during that period I got into CM. About 10 minutes later CM jumped .55 and formed a new base there. I got out at that point. I had a stop loss on CM at 25.25 just in case.

I never got into PDG again - too bad it jumped back again after the pull back. I didn't get in because the market depth was looking weak. Anyone else have any stories about good flips they made today.

Best Regards
KEITH




To: keith massey who wrote (610)10/1/1998 4:09:00 PM
From: The Devil Dog  Respond to of 4467
 
Excellent toon to make light of the day keith.
Thanks for the laugh!

Best Regards

WB