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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dan Clark who wrote (2656)8/12/1999 6:55:00 AM
From: TheKelster  Read Replies (1) of 18137
 
Here is another sign the Old Big Boys are starting to puke their guts out over the end of their world.

"Day trading could just be the fad of the year," says Keith Mullins, head of emerging-growth stock research at Salomon Smith Barney in New York. "Between Atlanta, between the state of the IPO market ... I think you'd have a fairly hard time getting any legitimate capital to invest here."

HAHAHAHAHAHAHAHAHAHA, That's rich.

KK

This was further down in the same article.

The real obstacle to All-Tech going public, Mr. Houtkin says, is hostility from traditional Wall Street firms, that still hold a grudge against All-Tech for its profitable SOES trading.

"Wall Street does not want to see us have any more money than we have," Mr. Houtkin says. "I've had every major firm here, they love us to death, our numbers are great, we're a major Internet player ... but we can't go public. I ask you why. They feel giving us money is slitting their own throats."
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