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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Teri Garner who wrote (72205)11/18/1999 1:21:00 PM
From: kha vu  Read Replies (2) of 120523
 
Harbor securities: WSJ Heard On The Street has an article on this firm and gives us a very valuable advise: when you open an account for trading with a firm make sure that you are a customer NOT a partner/member of the firm. This is crucical: traders opened accounts with Harbor as members NOW can NOT access their working capital for trading since last week of October. Harbor lost about 2.8 millions due to a BAD trade, a short of 100,000 shares of BVSN (??). Harbor is now looking for a buyer.
The owner of Harbor spoke at the Daytrading Expo in LA. They also presented one very young trader graduated from Columbia University in engineering:
- turning into successful trader
- making over one million as of last September.
This trader advised attendees that one of the principal factor contributing to his success is CUTTING LOSS to preserve the working capital. Other than that he said it was the first time in his life that he is facing a crowd of thousands people and is very nervous. Well they preach BUT they do not practice, I guess !!!
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