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

To: the Chief who wrote (1431)	11/20/1998 11:18:00 AM
From: Chad Barrett	Read Replies (1) \| Respond to of 4467

Chief, I personally don't see it as a violation or mind it... but I guess some might argue that this thread is "strictly" for "techinical information" regarding daytrading in Canada... ? If that is the way people would like this thread to be, perhaps another Daytrading in Canada thread should be started? ("Daily Daytrading in Canada"?) On that thread daytraders could come to discuss the current hot stocks, the events of the day as they unfold, etc.. ? Chad

To: the Chief who wrote (1431)	11/20/1998 11:26:00 AM
From: gypsy	Respond to of 4467

Chief, I agree with Chad, a thread where all aspects of Canadian daytrading could be discussed would be interesting and a great learning experience. I realize there are some who would pump their own brand of hot stocks, but most daytraders allow the market to dictate their actions..It was very strange watching BII yesterday, the thing took on a living breathing persona.. This is an interesting story, imagine a Nasdaq style exchange in Canada, wonder what bid.com would have done on such an exchange yesterday.. CP says Paul Martin wants a Nasdaq in Canada Friday Nov 20 1998 See Toronto Stock Exchange (TSE) In the News The Vancouver Sun reports in a Canadian Press dispatch in its Friday edition that federal Finance Minister Paul Martin says that Canada needs its own version of the successful Nasdaq market to pump life into its research and development spending. Mr. Martin says that Canada probably has the most generous tax credits in the industrialized world to encourage research and development spending by the private sector. Canada, however, is among the lowest R&D spenders in the industrialized world. He says that part of the problem is due to the high foreign ownership of the Canadian private sector. Another part is due to a shortage of places that an entrepreneur can go for seed money to develop technology and new companies in Canada. Mr. Martin says that as a result, R&D money is raised in New York and a Canadian idea is ultimately owned in the United States. He says the answer may be a Canadian version of Nasdaq.

To: the Chief who wrote (1431)	11/20/1998 11:27:00 AM
From: Steelguy	Respond to of 4467

To ALL, I am not a regular on this thread and I have probably added to the distraction to speaking about BII....I apologize if that is bothering people. sg

To: the Chief who wrote (1431)	11/20/1998 11:28:00 AM
From: Buckey	Respond to of 4467

I know that when we started the thread we agreed not to get into discussions on specific stocks as we can use the thread appropriate for that which we are doing with BII. BUT, having said that, I still think we can talk about the hot ones because come next week - BII will be gone. If we do not discuss the ones we are daytrading then the thread will be quite boring talking about technical stuff only. The thread is daytrading in Canada and that is selecetive unto its own. My opinion is that the way this thread has gone over the last week is fine excpet for talking fundamentals of companies which has littl relevance in a daytrade.

To: the Chief who wrote (1431)	11/20/1998 11:41:00 AM
From: keith massey	Read Replies (2) \| Respond to of 4467

Actually the thread changed into a "normal" thread about 500 posts ago. As you may have noticed I have stayed out of the conversations about most stocks and have tried to stick to the rules initially laid out on the thread although I have also broken one or two rules. The past conversation on BII was kind of scary. It sounded like some people were placing a bet at the race track instead of following rather sound day trading rules. Statements like "it should blow through $3.50 later today" or "close near $4.00" - are nothing but fluff. There was nothing to base those numbers on and this thread just becomes a bunch of hype at that point. On the other hand posts like - I started watching BII because of the large volume, short term chart and I knew internet stocks were a hot sector in the past few weeks. They released positive News, was a positive recommendation by a newsletter, etc. The Ask was getting hit at $XXX with definite support shown on the chart at $XXX. As soon as the momentum of buying picked up and it started to move I jumped in at $XXX. I have a stop-loss (mental or not) at $XXX in case the trade turns against me. I think almost everyone, including myself, has a lot to learn about short trading trading. Why doesn't everyone out there try to make an effort to share educational information with the thread when you find it. For example - Carlson on-line just started offering a paided stock service for researching Canadian stocks. They offer insider trading data - includes about 85% of Canadian companies starting January 1998 for OSC reporting companies, and August 1998 for BCSC and ASC reporting companies. Short position reports for all companies listed on the ASE, VSE, ME, or TSE from September 1998. A search engine which lets you find stocks base on fundemental parameters. Along with company reports and other data. The plus service cost $10/month Canadian. I am going to try it out and will give my impression of the service in a couple of weeks. fin-info.com Best Regards KEITH