Good luck on your short adventure...but I'm more like Dalin in my outlook. Yes, Schwab and other olbs may experience low trading volumes if the IPO market crashes, but I just don't see that happening. I for one, learned to keep more cash on the sides after last year's REAL problems, so that I can buy some good bargains if they appear. I have bought my SCH stocks in the low 30's and if it goes to 11, I will buy a whole lot more! But, as a West Coaster, and long time Schwab Company user, I have watched this company grow as the internet grows. Day traders may effect trading volumes somewhat, but what effect does extending trading hours have? I think that this will cause a big gain in trading volume for Schwab because it lets many more Westies trade than before, and Schwab can offer the liquidity that Island, etc. can't. So what if the market takes a dive in the near term, Schwab makes money on each transaction, regardless. Also, Schwab, is apparently doing quite well selling investment services to their online clients who are getting rich and need new advice on estate planning, tax strategies. This is giving them another revenue stream which should grow as the internet and online investing grows. For all those day traders that may die in the next correction, there are as many (I think) older investors who are going online so the pie will continue to get bigger, not smaller.
Just my opinions of course, and good luck to you..........
CMM
Back to lurking
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