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

To: keith massey who wrote (1551)	11/23/1998 9:03:00 PM
From: keith massey	Read Replies (1) \| Respond to of 4467

You guys/gals are going to love me for this one. The ASE site is now up and running and it looks like they are providing free market depth. Very slick looking.running web site. I guess they are getting in position to take out the VSE. ase.ca Best Regards KEITH

To: keith massey who wrote (1551)	11/23/1998 9:17:00 PM
From: keith massey	Respond to of 4467

Another E-mail In response to our customer requests for lower trading fees, we're pleased to introduce a number of exciting changes to our fee schedule. Become an ETRADE Canada customer and you'll be able to trade with us and save more than ever! Effective December 1st we're reducing our trading fees for Canadian and U.S. equities. You'll now be able to trade up to 1000 shares with ETRADE Canada for a flat fee of just $27.00 per trade. We're also pleased to announce the elimination of our annual administration fee for RRSP accounts that maintain a balance of $20,000. For accounts under $20,000, our annual administration fee remains a low $38.88 per year. And, we offer one of the most competitive rates for trading Canadian and U.S. options, from as low as $38.88 per trade. As always, there are NO COMMISSIONS on more than 900 mutual funds available through ETRADE Canada. Visit us at canada.etrade.com for more details on our fees or to become a customer today. If you have any questions, please contact us at 1-888-283-7787, in Toronto at 416-861-1458 or via e-mail at service@tradeit.com. Someday, we'll all invest this way. ETRADE Canada is a service of VERSUS Brokerage Services Inc. VERSUS Brokerage Services Inc. is a member of the Toronto, Montreal, Vancouver and Alberta Stock Exchanges, the Investment Dealers Association and the Canadian Investor Protection Fund. The service is currently available in all provinces except Quebec. ETRADE Canada is a trademark of ETRADE Group, Inc. used under license.

To: keith massey who wrote (1551)	11/23/1998 9:23:00 PM
From: Kevin Hamlin	Read Replies (1) \| Respond to of 4467

Musings of a Trader: I always find it amazing the different forces in play that actually make you buy or sell a stock. As an example, I thought I would take a moment and highlight some of the realtime thoughts as I bought into BII this afternoon. 1) "The Trading Was Changing": I pay pretty close attention to the actual trades going through...who is buying and selling, who is controlling the stock. Clearly Yorkton is driving the bus at this point. In the past week they have sold over 3 million shares. (Can you imagine the share price if they weren't doing all that selling?) My thinking is that when Yorkton starts to dry up, the stock will run. That appeared to start to happen this afternoon. Yorkton started disappearing (to be sure, they also reappeared...but not as steadily in the market as they have been) In the broader sense too, Yorkton looks to be drying up. On Wednesday and Thursday last week, they sold over 1,700,000 shares. Friday and Monday...only 480,000 shares. -Still a lot...but not as much. 2) "The Intraday Pattern Was Changing": Stocks take on trading personalities...even if they're only short lived. BII pattern over the past few days was trading up in the morning...drift lower and then having a couple of hard hits down. That changed today. The hard hits down didn't happen. I took it as an indication that the consolidation of the past few days was taking hold. 3) "There was a strong run at in the last 20 minutes of the day." This would have been one of two things...or both. It could have been that people shorting the stock were throwing in the towel. This is good. It could also be buyers coming in, realizing that the selling was over. This is also good. In particular, I like strong runs like that at the end of the day. It sets up the next day nicely, especially when it closes near its high, which it did. If it is an indication of the consolidation taking hold, the run can last a couple of days. 4) "The Chart Said So": Everyone has their ways and means of timing their trades. I've come to rely pretty heavily on some intraday charting that I continue to hone. It keeps me level and forces me to trade with prudence. My charts are right far far more often than my intuition or emotions are. 5) "The Internet Stock Mania": Right or wrong, Internet stocks are going crazy. Relatively speaking BII is cheap compared to some American cousins. When I see things like BII's cousin EBAY up $47.00 again today...almost touching $200.00 U.S., I assume that this "momentum" will spill over to other plays like BII. Are any of these factors absolutely right or good? You never know. It's always your best educated guess at the time. The more I do this though, the more I pay attention to the "flavour" of the trading and how it changes. It's a way of reading into the charting and numbers that are moving in front of you, and not something that is readily explainable. Anyway, whatever your method is, keep track of it and see how it develops, and how you develop. I trade so differently now than I used to even 1/2 a year ago, back when I was sure I knew what I was doing! Damn that's scary! Happy trading everyone. Kevin