Carl Christie has traded equities for close to half a century. Thirty-seven of those years were spent on the Toronto Stock Exchange trading floor as a market maker and professional trader. As the Chairman of the Professional Traders Association from it’s inception in 1987 until the TSX trading floor closure in 1997, he represented the trading floor by sitting on numerous TSX standing committees and trading rules committees. Since 1997 Mr. Christie has consulted with publicly traded companies in both an Investor Relations capacity and as a stock trading analyst.
Thursday December 17, TAG OIL UPDATE
After the market closed yesterday, Wednesday, December 16, I stated:
“Great press release from TAG OIL this morning resulted in a huge move today. As you can see from the chart Tag Oil closed up $0.46 today to close at the high of the day at $1.99 on significant volume of over 274,000 shares.
I would [...]
Tag Oil – Updated Chart
Great press release from TAG OIL this morning resulted in a huge move today. As you can see from the chart Tag Oil closed up $0.46 today to close at the high of the day at $1.99 on significant volume of over 274,000 shares.
I would expect some further bullish activity early in tomorrow’s trading [...]
Direct Access Trading Systems
At one time or another we have all experienced the frustration of attempting to contact our broker during extremely volatile markets. You have just seen the price of a stock you own move up [or down] drastically and you want out. Often by the time you finally reach your broker the stock has traded away [...]
Seasonal Market Influences
There are many times when movement in the market appears confusing and unusual. In particular, I have always been amazed by “Seasonal Market” influences and have certainly pondered their credibility..
Believers in seasonal influences state that stock markets tend to have strong returns around the beginning of the year as well as during the summer months. [...]
Contrarian Trading
A large number of TV, radio and print gurus are infamous for taking an emotional stance on markets. At any one moment they scream that the market (or sector, stock, commodity) is “flying high”. Often, within days they morosely report that the market “has no bottom”. The print media is notorious for recognizing an intermediate [...]
The Buy and Hold Strategy
The buy and hold strategy has been touted for decades as being prudent and profitable. However, with the advent of program trading, derivatives, huge institutions, day traders, hedge fund trading and a world wide explosion of trading participants, market volatility has exploded. How long is a “buy and hold” strategy supposed to take? 5 [...]
Short Selling
Most traders buy stocks believing the price will rise, at which time they will sell and take a profit. This is called taking a long position and is a relatively simple transaction.
However, taking a “short position” or “shorting” a stock is a little more complicated. A short sale is your bet that the price of [...]
