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Strategies & Market Trends : DAYTRADING Fundamentals

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To: - who wrote (1817)	7/13/1999 1:19:00 AM
From: Raymond Duray	Read Replies (1) of 18137

Steve, A little trading here. More on O'Neill's past for an explanation of "overhead supply". During the runup of Syntex, O'Neill used his increasing net worth to move beyond stock brokering for another NYSE member firm and struck out on his own, with the suitable and appropriate NYSE membership for Wm O'Neill and Co., Stockbrokers. Headquartered in LA, O'Neill's greatest inspiration was the meticulous effort that went into building the mainframe computer system that house the company's records and eventually a huge mass of data on all actively traded stocks. The Daily Charts service and the IBD are direct descendents of that database. The newspaper was something started as a bit of an ego stroke and a pet project for Mr. O'Neill. He neither needed it for income, nor did it produce any for a number of years. The other operations of the company subsidizing its existence. Now on to "overhead supply", I take it this is not a plumbing fitting. Please educate a clueless one. Ciao, Ray

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