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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (6558)1/28/1999 4:35:00 PM
From: BoomBoom  Respond to of 56535
 
Have you been following T-Bii? Hit $9.90, 2 weeks ago, retraced and seems to be starting up again. I have maxed out the foreign content in my RRSP and can only play with Canadian stock. Any technical insight would be much appreciated.

PB



To: Canuck Dave who wrote (6558)1/28/1999 4:58:00 PM
From: Trader J  Read Replies (2) | Respond to of 56535
 
CD: Yep, I know the feeling you are describing with ASCT. But, on the opposite side, on the down side holding ASCT has probably saved you money.

The nice part for me is that even with holding ASCT, I have been able to recently double my trading account....so it almost like they are free shares.

However, I sense you are kicking yourself about ASCT. There is nothing wrong with selling them to play other things...you are not locked into it, and no one here will fault you for doing. We all must make our own choices. The possibility still exists that nothing will happen with this issue and it will retrace back to 3. That is not what I am counting on, but that does not make it any more likely not to happen.

I have traded out of it many times to play something else for the day, only to repurchase the shares the next day.

Good luck

TJ