To: the Chief who wrote (68 ) 11/21/1998 11:19:00 PM From: crgreen Read Replies (1) | Respond to of 62348
Hello Chief and all: I'm a long time lurker and a "first time caller' on the thread and just wanted to add my congrats on the best thread on the net. I've been trying to learn the game for about 2 years and have been following SI almost daily since then and have never before seen a thread with virtually 100% of the posts offering such civilized and helpful info. (group hug #2 I think ;)) Keep up the good work and congrats to all! While I'm here allow me to ramble on a Saturday night if I may. Keith, I started trading in penny's for the same reasons as yourself and lost my shirt in the first year. Took a year off trading, took the CSC course, followed SI, and I too have recently come to the conclusion that mid to high cap daytrading is where I want to be. Thoughts on daytrading: As a part-time daytrader in training it's frustrating when opportunities are missed while working and I think discipline is the name of this game. I appreciate everyone's input on your thought process for daytrading. Chief, I was happy to see that my "one's to watch tomorrow list' was strikingly similar, albeit shorter than yours, and for what its worth (remember its free) here are some thoughts and questions. CM- like Keith I held overnite after buying in at 34.50. I'll hold a stock closing at its high for the day, especially so when the financials have momentum. We'll see Monday a.m. RPP-couldn't figure out mid-week if it was tax loss selling or dumping or what, but CIBC now tells us that it was buying big time. Last year Repap fell to about 12 cents at tax loss time, in January this year CIBC announced it took a large position and the stock ran from 19 cents to 28 cents in a week!. NNN-results come out Tuesday and I've found that profit taking appears the day before results after a stock has had a good run leading up to them. Takeover rumours are a different twist on this one though. I'm also wondering about PHV. It seemed to have found some resistence between .75 and $1 before crashing on doomsday fears this week. With that temporarily out of the way I'm eyeing this one. Any thoughts? Like I said, rambling on a Saturday night, hope I'm not out of line as I know you want daytrading activity on this thread but, hey, we can't trade right now. :( Like others before have said, I'm a part timer and only in the learning phase so posts will be sporadic, but I'll be lurking! Congrats again and good luck everyone CGreen