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Politics : Ask Michael Burke
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To: MulhollandDrive who wrote (65700)8/3/1999 11:34:00 AM
From: Mama Bear  Read Replies (2) of 132070
 
bp, I believe Alltech promotes irresponsible trading. Daytrading can look as you have represented it, but Alltech and other daytrading shops help promote that perception. They need traders who churn their accounts, and have to fill the chairs with the inevitable attrition of those who are unprepared for significant losses. Some of us actually do use trading discipline, don't overtrade, rarely use margin (which Alltech supplies at 3:1), and will sit on our hands if we don't have the odds in our favor. It's obvious that Mr. Barton was mentally unstable, but that doesn't mean that Alltech doesn't bear some responsibility for what happened.

Barb
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