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


To: the Chief who wrote (10516)5/2/1999 9:47:00 PM
From: Buckey  Read Replies (1) | Respond to of 62348
 
Keith and Chief - on stink bids - I have done very weel with this strategy at times. However you dont know its a daytrade until you are filled.

example - LAN was being sold off and I had already daytraded it once before at .40 for a loss. I noticed some selling but the bankruptcy Nrs were worrisome - It was down to .28 ish.

I looked at the depth when it hit .23 and noticed some huge orders at .11 and .12 so I threw in a bid at .13 - I got filled and fliiped most of it at .28 the next day.

I have other examples - I never post where I am stinking BUt I do believe it can be an effectice trading strategy.