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


To: JAS who wrote (917)10/30/1998 9:10:00 AM
From: the Chief  Read Replies (2) | Respond to of 4467
 
Hi Everyone! Been crippled up by a back problem for the last week! Old injury, no sympathy required....such is life!!

I tried to grab Mitel on the bounce and picked up some "small change". The wild card for today (other than possible Friday selloff) for Mitel is the brokerages downgrades. The full impact of the downgrades probably will not be felt until Monday (late) AM, so I wont play MLT today. There may be one brief opportunity if there truly is a mass run for the gate on open. If the stock falls below the 52 wk low, then watch for quick rebound to $11.00 other than that chris I intend on avoiding.

Gold is down and appears to be weakening as people move back into this bull rally. Might be an opportunity by mid-week to stock up on Golds in mid/long term portfolio's!!

Royal Bank NetAction/Action Direct update

I have created a PR nightmare for RB by asking terribly embarrasssing questions. I am now dealing with the head of both divisions. My RB manager has proposed that RB fly me to Toronto to deal with problems one on one. I am giving them 2 months to fix their problems and have promised a full article on the "inefficiencies of the Canadian Trading Systems" in the National Post.

I have started the article and will post it here once I am sure it will be published!

the Chief