LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: ynot who wrote (21475)	9/13/1999 9:20:00 PM
From: LastShadow	Read Replies (2) of 43080

What continues to amaze me is that there are still more folks signing up every day to buy this stuff. I mean really, who bought GNET at $100 a share, or AOL at $160 or AMZN at $110 (split adjusted, etc.) or all the internet-related IPOs at their peaks this year. The volume was incredible and the Volume Weighted Average Price and # of trades indicates that there were tons of buyers at the 100 to 1000 share buckets. And then to read eagle eyes (thanks, btw) post on AUTEX means they are out there trying to crank the more professional traders. A couple of dozen years ago I bought stock by calling, or even going in to see my brokers and then waiting a wek or so to get thecall. Just five years ago this online stuff was so new you could excuse the slowness and figure you were just on the bleeding edge of what could be a useful tool. Now you miss a day, or the morning or even a one hour scramble and you are miffed because you didn't sell at the top of the day. But, with work as it is, position trading is slower, less profitable, but easier to focus on something other than whether or not I am blinking enough while staring at the screen for hours... lastshadow

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