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I am not a day trader - just position. I would assume that by being at the
daytrade office, you get the popular war-room spin on stocks just by being
there. For example you might find every day trader is shorting LU, whereas
LU is the darling of the news letter writers. I would also assume (only a
guess) that in the short term this war-room concensus can drive the stock
i.e. for weeks at a time.
Any truth in my naieve assumptions...or is it like everything else, i.e.
being a contrarian (to the war room) is just as profitable? Your opinion is
appreciated.
G. Rehert
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