Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: per strandberg who wrote (41244)	6/30/1999 9:47:00 PM
From: clochard	Read Replies (1) of 94695

Per, I don't know where any statistics for online traders are but I have seen comments by the industry saying that online traders performed worse than buy-and-hold investors. One can only imagine in these last few months of wild swings that these non-professional traders are getting caught at every turn. Add to these the amateurs at the day-trading boiler rooms and I see liquidity draining out faster than coming in, since new trading capital is often borrowed money and doesn't grow on trees. Steve

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