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I guess the moral to that story is avoid paying retail brokerage fees.
-----Original Message-----
From: Kevin [SMTP:klkevin@xxxxxxx]
Sent: Thursday, March 05, 1998 5:44 AM
To: omega-list@xxxxxxxxxx
Subject: Re: Musings
> "Gerrit Jacobsen" <gerrit.jacobsen@xxxxxxxxxxxxxxxxxx> wrote
>
> It is rumored that some retail brokerages are selling a
> consolidated data-feed with all their client actions in the markets.
> I was told that some institutions are making a profitable living by always
> taking the opposite side of the unweighted (disregarding trade size)
> average of all client trades.
Yeah, and I've got a real cool bridge in New York that I can sell you
cheap!
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