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

To: Rise who wrote (13737)	5/19/1999 11:18:00 PM
From: keith massey	Respond to of 62348

The banks have been behaving like RY is going to surprise the markets tomorrow with better than expected earnings report. I might tend to agree with you. When I bought yesterday the stock rallied on low volume and looked weak near close. Today it rallied on lower than normal volume and bounced off the top of the gap so there is still hope that the stock will crash. I don't plan on going long or short until I see the number and see how the market reacts. At this point it is a gamble. If earnings are good I will be able to ride the wave for a day or two and easy make up any money I will lose on the PUT options which I will sell right away. Because the PUTs were more of a gamble than a sure thing I only put a little money on the line and am willing to take a $500-700 loss if I am wrong. The risk/reward was worth it. Best Regards KEITH