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Technology Stocks : Semi Equipment Analysis
SOXX 306.28-1.0%Dec 4 4:00 PM EST

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To: Sarmad Y. Hermiz who wrote (15805)6/18/2004 12:19:51 PM
From: The Ox   of 95525
 
Hi Sarmad,
I think that there are more day traders today then ever before. With the online internet brokers, anyone with a few hundred to a few thousand dollars can be a day trader. With trades costing as little as $2 per round trip, a small trader can play small ranges and be very profitable (% wise). I think a lot of the trading volume consists of these tiny lots going back and forth, ping ponging. The brokers love it, they rack up the commissions.

Between the little day traders and the program trading, I would be that this covers a huge portion of the volume, percentage wise. I think the volume numbers are dramatically overstated because of these 2 factors.

jmo
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