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

To: Wizzer who wrote (1306)	11/17/1998 11:00:00 PM
From: keith massey	Respond to of 4467

The link was for demonstration purposes only. I didn't wait for the charts to start moving and didn't use T.A for a buy point..I bought on the news. The second the rate cut was announced live on T.V I put in the buys with stop-losses. When the day charts on Canada-Stockwatch started to lose momentum and head down I sold. It was as close to a sure thing that you could get. If there wasn't a rate cut I probably would have bought PUT options on the major banks. For the risker players out their with smaller bankrolls that think these stocks are too expensive and only stick with penny stocks. You can margin bank stocks 70% since they have options and are over $5. Your $10,000 gets you $33000 in buying power or 1000 shares of CM. The +$1 on CM today would have netted you +$1000 in profits. I know many people call margins the tool of the devil but as long as you use very tight stops and pray the stock doesn't gap down during the day for some unknown act of god it can be one of the fastest ways to get ahead daytrading fast. Best Regards KEITH