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Amen, amen, amen...
And ESPECIALLY "Amen" to the government staying the hell out of the private
sector!
We're doing very well on our own, thank you!
-----Original Message-----
From: Money, James L <James_Money@xxxxxxxxxxxx>
To: 'Mark Jurik' <mark@xxxxxxxxxxxx>; 'Realtraders'
<realtraders@xxxxxxxxxxxxxx>; 'Omega List' <Omega-list@xxxxxxxxxx>
Date: Tuesday, February 02, 1999 15:52
Subject: RE: "day-trading is dangerous"
>Day Trading is NOT dangerous! It is completely necessary to provide
>adequate liquidity to longer term players. The "danger" that is being
>referred to is simply that a "novice" trader could potentially bankrupt
>himself(and others). This is a risk that all traders bear. The Gov't
>shouldn't be stepping in to protect us from ourselves.
>
>Jim
>
>> -----Original Message-----
>> From: Mark Jurik [SMTP:mark@xxxxxxxxxxxx]
>> Sent: Tuesday, February 02, 1999 1:34 PM
>> To: 'Realtraders'; 'Omega List'
>> 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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