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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Dave Gore who wrote (5441)2/27/2001 5:58:20 PM
From: tom ablett  Read Replies (2) of 6445
 
nice post Dave
I think the answer lies with the big money. Daytraders are only following the patterns controlled by the big money flow. Up or down, daytraders don't care. Until the Big investors are willing to commit and offer some price stabilization, the traders aren't willing to invest and are forced to scalp for more and more incrementally smaller profits. I bet a lot of daytraders are being cut to ribbons with small losses and high fees, watching their accounts go to the big money. Until we get to prices where no one is willing to sell and we know the real value of the stocks we trade, we'll still have to deal with extreme volitility and an uncertain tomorrow. What will be the price of some of these stocks when the MM's say "buy all you can at this price". It is a scary thought but we'll have to get there eventually.
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