Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: the Chief who wrote (10485)	5/2/1999 10:06:00 AM
From: gypsy	Read Replies (3) \| Respond to of 62348

Thank you, Chief..personally I'm getting sick of reading a 150 posts a day, that has nothing to do with trading Canadian stocks in REALTIME. Maybe, out of the 150, there maybe are 50 that has relevant information pertaining to the subject of the thread. When I read a post on this thread, that mentions a stock, I have every right to assume that it has volume, momentum and is or maybe become a daytrade in the next minutes or hours in today, not tomorrow, next week or next year or the millenium!! This is not unreasonable and anything else wastes my time, which I resent. I, also, notice that quite a few of the stocks now mentioned here are stocks that we most likely have already daytraded earlier and probably will again, but what burns me is the assumption that the people here do not know the difference between a stock with momo and one that does not. If we are not careful, this thread will go the way of quite a few other threads on SI, useless, pump and dump garbage. From now on, I will just scan the posts and will only read the ones from people I respect and who I know will be posting information that I can use in my daytrading! Frankly, I am disappointed in the direction that this valuable, useful thread has taken recently. I will not be posting here again, as I feel I have nothing to contribute to this forum and there is enough clutter here now, without my adding to it. just my two cents gyp

To: the Chief who wrote (10485)	5/2/1999 11:34:00 AM
From: Stockbull	Read Replies (2) \| Respond to of 62348

So I guess nobody should be posting on weekends at all.

To: the Chief who wrote (10485)	5/2/1999 12:06:00 PM
From: The Osprey	Read Replies (1) \| Respond to of 62348

Chief, Guess I am guilty of insignificant posts.Must be from the past experience on the nasdaq BB stocks.I agree only posts regarding current day momentum and trends from now on from me.What I would like to see is the stock symbol and exchange always at the start of the post so rather than read 150 posts a person can scan and zero in on stocks that are relavent to ones interest. We should have an understanding that when the markets are open it is business of daytrading and when they are closed it is info on heads up or stocks that should be watched....That way when I turn on my computer and see 120 posts I can go to the time and date just prior to market open and get down to the business at hand.I can go back and review the other posts when I prefer. THE OSPREY

To: the Chief who wrote (10485)	5/2/1999 2:12:00 PM
From: Ceedee	Read Replies (1) \| Respond to of 62348

Good point Chief...You've start a good thread here but it is getting more and more popular everyday,i agree with you we should make our point short and clear.Pretty soon there are going to be 300 posts per day here...

To: the Chief who wrote (10485)	5/2/1999 6:41:00 PM
From: keith massey	Read Replies (2) \| Respond to of 62348

Chief...thanks for trying to set the thread straight. This thread has gone downhill fast in the past couple of weeks and I hope we can get it back to its former glory. One of my absolute biggest pet peeves on the thread other than hype and BS is a certain technique I have see used by several people on the thread. In my opinion in the long run this technique is certain death for anyone that uses it on a regular basis. Trying to catch a falling knife!!!!!! This is the technique of throwing in low ball bids at a random cheap level (not based on historical large support levels) on fast movers trying to get some stock cheap and hopefully flip it quick. THIS DRIVES ME NUTS EVERY TIME I SEE IT. For example, MCF is at $11 and someone posts...I threw in a stink bid at $10.20, hopefully the stock dips and I get filled. If the stock drops from $11 to $10.20 that means it has big downward momentum. Unless $10.20 was a big support level the stock now has a greater probability of going lower and may never recover. Although people get lucky once in a while with these low ball bids one of these times the stock will blow right through their $10.20 price and they get filled and before they can enter the stop loss the stock will be at $5 and they are out a ton of money. I am posting this because I got burned several times when I was starting out trying to catch falling knives and learned from my mistakes. My advice is to either wait for momentum to slow and the stock to base for a while or better yet...wait for momentum to turn around. When I break this rule.... If I think a given level is going to be a huge support level and it is sinking towards this level on lower and lower volume I sometimes put in a low ball bid at this support level and watch close and set stops right after the fill. Another good example is throwing in a low ball bid near the gap up price at 9:30 (Central time) after the stock has gapped up...ran strong..and is pulling back. Prices near the gap (80% retraction) form very strong support levels and this is often a good technique. Throwing in random low ball bids in my opinion is really just gambling and I don't like to gamble when I play stocks. If I wanted gamble I would walk across my street to the Grand Casino (Winnipeg) and play black jack. Of course I am a licensed black jack dealer and count cards so really that isn't even true gambling since the odds are actually in my favour. Maybe I'll just play the slots. Best Regards KEITH