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

To: Mr. Oil who wrote (11918)	5/9/1999 10:00:00 AM
From: the Chief	Read Replies (1) \| Respond to of 62348

IWM 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? If I am already up my expected profit level, I have a tendency to sell right after open. then try to catch the bounce, if I fail in doing this and the stock heads higher, i have no problem rebuying at a higher price and playing the next 25-40c. I found that my expectations of what a stock was going to do and what it did,.....didn't always pan out(no guff!!<ggg>), so started protecting my profits early, than as the day developed I would jmp on the "trend for the day"! Just another dumb opinion! the Chief

To: Mr. Oil who wrote (11918)	5/9/1999 11:04:00 AM
From: New Economy	Read Replies (1) \| Respond to of 62348

IWM: Ray, if you study the chart carefully on the past gap ups, your answer is starring at you in the face. Unfortunately, I cannot tell you what I would do 'cause we would be competing against each other. One little hint, your answer has been provided to you by the Chief. I am sure that IWM will gap up large this Monday morning and it just might sustain the gap up because of the renewed interest and volume on Friday. Unless of course Cannacord starts shorting it again like they every other gap up session for the last 3 weeks.