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Strategies & Market Trends : DAYTRADING Fundamentals

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To: - who wrote (3318)8/27/1999 3:28:00 PM
From: OZ  Read Replies (1) of 18137
 
Looks like this is becoming a regular "war" for Gretchen... anyone care to cross-examine her facts/logic here, on this one?

Well I cannot provide as good a reply to this one as the last Tokyo Joe reply I posted BUT I can say this... Illegal short sales have always been around. Now they have the DAYTRADERS to pin it on. Look at all the "floorless" preferred stock debentures and the shorting associated with those. The industry has always needed a good scapegoat and the most convenient unorganized and relatively small group is the daytraders. So far we are blamed for VOLATILITY, PRODUCTION of VIOLENCE,ADDICTIVE BEHAVIOR,MANIPULATION,COERSION and on and on. All these thing have been quietly in place for years and now we are inheriting them under the microscope of the very people that created them.

OZ
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