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

To: pink789 who wrote (11909)	5/8/1999 10:38:00 PM
From: Mr. Oil	Read Replies (2) \| Respond to of 62348

Yes I am in IWM and will look to make a right decision on Monday. I would appreciate help here from the Chief or Keith re selling at the open or holding to see if Monday will bring further appreciation. Would you always sell on the open if you would take a profit or do you have other indicators to determine if you should sell? My sense is to sell some at the open if there is a gap up or to set a stop at the previous close and wait to see if she takes off again. Any thoughts? Ray

To: pink789 who wrote (11909)	5/9/1999 10:45:00 AM
From: New Economy	Respond to of 62348

IWM: I am in the same position, I want to hold on to my 2K shares for a long position, I was planning on holding 3K but I decided cash in my profits and day trade the rest... is this thing ever volatile!! We seem to have resistence and 4.90 and support @ 4.70 but things could change next week. I have a busy week ahead 'cause I have to prepare for a big exam at the end of the month. I was reading something the other day about fund managers...it struck me that the reason investors trade is because it gives us pride when we succeed. When we lose we think the stock will come back up when most of the time it does not. I guess it is important to ensure that we place stop losses on any new investment we take on. I have a feeling IWM will gap up next week and hit new highs as there was a lot of accumulation on Friday in 4.50 to 4.85 range. Once again I feel some news is to be released and I hope you can send me a private message whenever IWM drops down big next week. Regards.