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download PowerPivots80.pdf and read | PowerPivots
At my ChangeWave Shorts service, we never short stocks directly--
the risks of "naked shorting" are much too high.
Instead, we buy stock options--one of the most powerful trading
tools ever devised. Options leverage a small move in the
underlying stock into big gains. And at ChangeWave Shorts, we
trade put options to earn huge winners in losing stocks.
Michael Shulman
ChangeWave Shorts InvestorPlace Media, LLC
700 Indian Springs Drive
Lancaster, PA 17601
Monday 05 January 2009 The view I (Tony Deutsch) take is that the bad news at this stage is the expected symptomatic development of the recession. Once inventory liquidation slows down, factory orders, building permits and the stock market stop dropping, we are close to the turning point.
Monday 05 January 2009 TORONTO: TAX SCHEME TO GO IN EFFECT
The tax-free saving account plan unveiled in the Conservative government's budget last February will go into effect on Jan. 1. The plan offers Canadians aged at least 18 an account where they can invest up to $5,000 a year and allow its holdings to grow tax-free. Withdrawals aren't taxed and there's no requirement to make withdrawals by a certain age, as with registered retirement savings plans.
2008
Tuesday Jul 22, 2008 SEC short-selling curb likely to be extended
An emergency rule to curb abusive short selling will likely be extended beyond 19 major financial firms as pressure mounts...
Wednesday Jul 16, 2008 US regulator curbs short-selling
The US regulator passes an order to prevent some forms of "short-selling", which some blame for the share slump.
Friday 20 June 2008The perils of short-selling
The life of a short-seller is a hard one—especially when markets turn sour and people look for someone to blame ... more
Tuesday 08 April 2008 We have done many discount brokerage reviews, from the good to the not so good. I thought that we had most of the brokerages covered, but after some comments from readers, I was missing an essential piece of the Canadian discount brokerage market, Tradefreedom.
Sunday Feb 19, 2006 nyt In Japan, Day-Trading Like It's 1999 By MARTIN FACKLER Having overcome the country's sluggishness in embracing cyberspace and deregulating discount brokerage firms, day-trading has taken off in Japan
2005
Thursday Nov 24, 2005 ts The Yahoo approach has its merits
I speak to industry professionals several times a day and I can always count on the "what do you think about the market?" question. At this point I have the option of delivering the "top down" opinion or the Yahoo! finance opinion. stockcharts.com/
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Saturday Dec 28, 2002 globe www.crbtrader.com/ Commodity Research Bureau
In day trading an increasing number of people are gambling on minute changes in stock prices. In some cases, they may hold stocks for only a matter of minutes and make up to 400 trades per day. This is possible thanks to the Internet and facilities connected directly to the stock markets, by-passing any broker and eliminating brokerage fees.
Hot items are [see our
"Mkt Help" files] The process, which currently has only a tiny effect on the market, can be expected to grow, as more day trading centres are being set up. An estimated 15,000 people are currently making a living from this activity, however, in the opinion of many, most of these people won't last a year.
This was styled a "Casino" market - a zero sum game, where half the people are losers and half are winners. Contrast this type of trading with Warren Buffet and his Buy and Hold strategy - which is considered good investing and has stood the test of time. "Ah, but", says an economist, "these chaps are different" and it is a different market. Will they have an effect on the blue chips?
Peter Ferst who is positioned to offer all the necessary tools and training to newbe day-traders (e-traders?), pointed out that there is a paradigm shift taking place, with dealers and brokers being taken out of the loop. The electronic day-trader will change the way we trade; the day-trader executes the trade how/when/on the exchange that he/she wants. The SEC in the States has fined Goldman Sachs for trading irregularities. These include any additional profit a trader makes in the spread between the price asked for by a client and the actual selling price.
Direct electronic trading, like the day traders', completely bypasses these potential problems.
NB Peter Ferst's suggestion that the MSE might move to trading only derivatives was prescient given Monday's news about the shake-up in the Canadian exchanges.
New market access creating gamblers who risk savings
Ian Karleff
National Post
After losing $40,000 (US) in life savings, a 27-year-old man contemplates suicide rather than tell his wife he is addicted to trading stocks online. A 32-year-old police officer pushes his family into bankruptcy after trading away retirement savings, and making things worse by desperately chasing his losses.
The proliferation of online stock trading is turning some unsuspecting investors into penniless punters, gambling addiction counselors say.
Edward Looney, executive director of the Council on Compulsive Gambling of New Jersey, says the two money-losing young men are among a handful of cases that have come through his office in the past month.
After recently expressing his concerns about stock market addicts on four U.S. business shows, the council's Web site, www.800gambler.org, received thousands of hits.
"The market is the biggest casino in the world," said Mr. Looney. He's concerned about the growing gang of day traders -- working at home or out of firms -- as well as the 7.5 million Americans with online trading access. Although he says 85% of these people are disciplined, 15% will at some point go over the line, and 5% will be, or already are, gambling addicts.
"Now we have an up market, so everyone is seemingly making money. When the corrections come, that's when the problems come," says Mr. Looney.
Unlike a casino, which can be accompanied by society's seedier elements, the stock market is viewed by most as a respectable institution.
Pat Davies, a problem gambling specialist at Bellwood Total Health Centre in Toronto, says troubled traders can convince themselves they're investing, not gambling.
Although Bellwood has yet to treat an online trading addiction, Ms. Davies points to U.S. colleagues who have noticed that as online trading turns mainstream, the number of people addicted to trading increases.
Online trading is rapidly gaining acceptance in Canada, where E*Trade Canada, Charles Schwab Canada, and most of the big banks offer trading over the Internet.
Ms. Davies dismisses the notion that only people with addictive personalities can become hooked. She's worried about novice investors becoming obsessed with finding the latest market news, using their limited knowledge to buy stocks, losing and then chasing their losses, only to gamble away life savings.
Buying mutual funds or stocks for the long term is not considered gambling, and won't lead to addiction for most people, says Ms. Davies. The problems start when stock buying becomes an obsession with winning and losing, and begins to affect a person's day-to-day functioning.
U.S. online brokerages are not held to the same strict ''know-your-client'' rules as they are in Canada. Here, investors must consciously spell out their investment aims, and a brokerage will stop highly speculative trades from being executed in an account with a low risk profile.
The country's discount brokerages are now lobbying securities regulators to relax the ''know- your-client'' rules, saying the current obligation adds to the price and timeliness of each stock trade.
According to the Canadian Foundation for Compulsive Gambling, the financial services industry is becoming concerned with its level of liability when it comes to providing a medium for compulsive gamblers to vent their addiction.
"We don't think that the provider of online trading would be the creator of the problem, but since they are providing what is clearly gambling they have to be aware that their product has certain side effects," says Morri Behrmann, a foundation director.
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Wednesday-night.com (W-N) publishes reports & Stock charts providing information on selected companies that W-N believes have investment potential. W-N is NOT a registered investment advisor or broker-dealer. These reports are provided as an information service only, and the statements and opinions in these report should not be construed as an offer or solicitation to buy or sell any security. W-N accepts no liability for any loss arising from an investor's reliance on or use of this report.
Andy Nulman 
Canadian 
Trade 125 + times per month 
QUESTRADE 
FAQ 
Bloomberg
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