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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST
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To: bambs who wrote (36488)5/24/2000 4:06:00 PM
From: SyncMan  Read Replies (2) of 77400
 
We really should all thank Day Traders.

As a DT, he's paying more than his fair share of the taxes for us. He's also providing much needed liquitity into the market. And he's helping keeping the brokerage houses in business.

As he can do all that AND make a profit, I think it's wonderful. I don't think many people can do it. But there are some.

Now, could he do better by investing in fundamentally strong companies for the long term (say 3, 6, 9, 12 months?), with investments in foreign, small caps, etc.?

I suppose he could do a historical run and see, but he'd have to be careful not to just pick the winners. I do have a guess which one would work out (but not if the number is really 1/4 down days). And yes, with that strategy, he would not make money on falling stocks.
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