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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Magnatizer who wrote (1832)	7/13/1999 1:28:00 PM
From: -	Read Replies (1) of 18137

<Another heavy weighs in on Daytraders> From today's article "The Prophet of Profits" running nationwide in today's newspapers (Knight Ridder news service) : -------------- Nine years after leaving the Magellan Fund, Peter Lynch still inspires the faithful Long before brokerage ads portrayed truck drivers as investment whizzes, Lynch argued that individuals could spot good stocks on their own. At the same time, he doesn't like the direction some individuals have taken. He decried the short-term mentality of Internet traders who hold stocks for just a few minutes or days, and do almost no research. "That's gambling. That's not investing. You get the same results you get at the Casino, but with more paperwork". Even so, he says "The average investor is a lot saner than the average fund manager". -------------- So far, we're down two for two with the big experts, the Wall Street establishment has already reserved their worst sort of damnation, and the SEC/NASD doesn't approve of us much... Gee, maybe we're onto something here... <GG> -Steve

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