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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: Canuck Dave who wrote (45694)11/29/2000 2:56:40 AM
From: Cogito Ergo Sum   of 62347
 
Hi Canuck,

<< People couldn't get their sell orders in and got burned. >>

I don't think that's what he means.

When I started investing I was only in mutual funds and that went on for a long time. I either had to get a hold of my financial planner LOL, call up the mutual fund company or go to the bank to buy or sell. The process was less than instantaneous.

Now assuming Investorline and Webbroker are up it's just click click click. Even on the phone I can buy or sell on the road from my cell using VEEV or even regular telephone trading. As a last resort there are rep's at the other end of the phone who will take your orders in a streamlined fashion.

I think his point is that it a lot easier to buy / sell today for the average joe, (I know it is for me) and that's what they are starting to do. If I get news I can react very fast today relative to even a few years ago. How many people have online / telephone accounts today ?

Besides if 'everyone' gets their sell orders in the market still tanks doesn't it. There are only so many greater fools.

Follow Ward's link about 2/3 down the page to Net Inflows to Equities for a sobering picture of redemptions which I think is Fleckenstein's point.

Message 14901785

regards
Kastel
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