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Dark Hacker:
The markets were always there, they'll always be there...and profit or
no, we'll all fade long before the markets ever close.
Hope your feast tomorrow is happy.
Best,
Tim Morge
Dark Hacker wrote:
>
> On Tue, 24 Nov 1998, alan myers wrote:
>
> > As daytrading becomes more and more popular (people who know little
> > about it and have no interest in trading have even heard the term and
> > asked me about it) should a person take the tennis approach and hit the
> > ball to where they *aren't*?
> >
> > In other words, will the growing popularity of daytrading cause most
> > markets to become chaotically untradeable? If so, "position" yourself.
>
> I don't like to rain on other people's parades, but I always get a sick
> feeling when I see a good thing lowered to the level of the dumb clueless
> retail investor. Bad enough that the public is being sold on trading
> futures from their kitchen tables and sure thing options strategies but
> now the public is being told that they can make a mint by day trading.
>
> It makes me ill watching some of these sleazy come-ons depicting "just
> common people" discussing their profits all thanks to some "stock split"
> service. "Now I won't trade without it." Gag.
>
> And of course they'll be sold expensive subscriptions to data,
> newsletters, tools, seminars, etc, etc a' la Wade Cook (wretch). Rather
> than fostering self-reliance, the public will be roped in and have their
> lifeblood syphoned off into someone else's wallet.
>
> But I wouldn't worry too much about markets becoming untradable. This is
> just another fad that will pass and I think it unlikely that the
> nickle-dime retail market can make that much of an impact...
>
> Of course... I could be wrong...
>
> - Hacker
>
> ---
> Dark Hacker | Fortress Of Computation
> hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
> ____________________________________________________________________
>
> "Building our future... one twisted freak at a time."
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