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Arthur Levitt's view is incorrect to the extent the traders he is referring
to are not professionals, i.e., engaged full time in the business of buying
and selling stocks for a living.
dan chesler
-----Original Message-----
From: Mark Jurik <mark@xxxxxxxxxxxx>
To: 'Realtraders' <realtraders@xxxxxxxxxxxxxx>; 'Omega List'
<Omega-list@xxxxxxxxxx>
Date: Tuesday, February 02, 1999 2:37 PM
Subject: SEC: "day-trading is dangerous"
:Greetings,
:
:SEC Chairman Arthur Levitt, alarmed by the increasing popularity of day
trading, has warned investors that rapid-fire online buying and selling can
be dangerous.
:
:In the Feb 4 edition of Business Briefs, Profnet (the service) would like
opinions on the pros and cons of online day trading. I was asked to provide
the collected wisdom from traders on internet forums.
:
:So the question is simple: Is the chariman correct in saying that it's
dangerous (as opposed to being mere risky) or is his point of view from the
"Old World", like a horse and buggy owner giving his opinion of the "danger"
of automobiles?
:
:- Mark Jurik
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