Nyse

[neil]

People discuss the merits of Level Two and Nasdaq stocks but has anyone tried the NYSE stocks such as BAC ( Bank of America).

http://www.prophet.net/analyze/chartstream.jsp?symbol=NVDA

They can move better intra day than many of our UK stocks. And are less of a slave to the Dow.

Does anyone know if you can trade NYSE type stocks via CFD's?

I take it that to trade Direct Access you need $25k?

 

[Mr. Charts]

Neil,
Yes there are cfds on some NYSE stocks.
Shorting in the real market can be a pain due to the regs affecting specialists unless it's a very liquid stock.
Yes, some trend and move well TA wise.
Richard

 

[neil]

Thanks Richard.

 

[dglynn]

Neil

For what its worth. There are a few NYSE stocks on D4F both CFD's and Spreadbet and that includes BAC. Can't comment on other CFD companies.

 

[Crossroads]

Hi Neil, I'm more of a Nasdaq girl myself but I have traded some NYSE issues in my time. The problem is as Mr Charts has said they can be difficult to short, and in some cases even difficult to buy. I would recommend using Limit orders because the price can move a long way before your order is filled. With CFDs you probably would not have the same problems, but you don't get the same choice of issues from the CFD people.

__________
Xroads

 

[one/two]

how would the DOW30 and S&P 100 fair out in the above mentioned restrictions?


thanks.

 

[neil]

how would the DOW30 and S&P 100 fair out in the above mentioned restrictions?


thanks.

They are Futures and thus exempt from the "uptick" rule.

 

[Mr. Charts]

Xroads is quite right. You put a short limit order in below market and the specialist can legally ignore your order, but then drops the bid below your order price. This is a very common problem in a falling stock, less so in the highly liquid ones.
In effect it makes it difficult to scalp small moves but it is still quite feasible to swing trade successfully.
Because you are dealing with a specialist most of the time fills are more difficult; on Nasdaq with scores of market makers, it is much easier and slippage is almost non-existent if you know what you are doing.
And yes, the next thought taking shape looks as if it will gradually happen - nasdaq is encroaching on nyse and the latter looks increasingly unlikely to keep its present practices going indefinitely - which is to all our benefit.

 

[one/two]

neil

sorry i should of explained myself a bit better. the shares that make up the above indicies.