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

To: swidnik who wrote (14582)	5/26/1999 4:58:00 PM
From: Lola	Respond to of 62348

It'll take a little longer before the Canadian markets can get you excited...we've only had one good momo play like what you're describing and that was SKG/tse...I bought at 0.105 and it went to 0.39 in one day...but I sold at 0.18 thinking there was no way this stock was going to act like a Nasdaq BB. Well that stock sure proved me wrong. I think there is alot going on we don't know about. I am cautious about making a jump into a Canadian stock that has sat so close to $0.00 that it seems married to it. Remember as in all stocks, what goes up must come down. On the plus side, you can trade Canadian OTCs online which makes a big difference...it was hell when I played the Nasdaq BBs...I always had to call it in...wait 20 minutes on hold...and as you know the play is over and done by then. edit: I have a preference for P&Ds on TSE...those VSE people scare me with all their technical problems.

To: swidnik who wrote (14582)	5/26/1999 5:12:00 PM
From: Lola	Respond to of 62348

AGC might make for an interesting play if the news is really good and it doesn't gap up too much on the open. If the stock is up 50% in the first half our...I'm not interested...unless of course I'm already in it. The Canadian exchanges haven't proved all the P&Ds to run the same. Some run up on Internet related news but alot of them don't. I always look at a 5 to 10 day chart before I buy to see where the support is. If there is no strong support showing, I walk away. Another good thing about trading on Canadian exchanges is that we don't have HUGE spreads like they do in the US. We also don't have market makers to manipulate a stock every which way. But I'm sure the manipulators are out there in the Canadians stocks doing their level best to screw as many people as possible. I would be very cautious before jumping in. Make sure the stock is liquid (and I mean all the time) and that you are not buying the stock much higher than the recent support levels. And if you can help it...don't sleep on them. The TSE won't hesitate to halt a scam stock for a long period of time. I have seen stocks halted in Canada for months. The regulators will open it up for trading when they are good and satisfied that things are on the up and up with the company. The bottom can fall out of a crap stock really fast, most Canadian don't like to support scam stocks like alot of Americans do. You must pretend that you are like a bank robber. If you stop to have a cup of coffee...you're going to be having it in jail. LOL Lola