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Strategies & Market Trends : Drillbits & Bottlerockets

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To: AugustWest who wrote (5445)	3/14/2001 10:00:18 PM
From: Oral Roberts	Read Replies (1) of 15481

I saw an article on day trading somewhere today. I think it said that up to 80% of the Naz volume was the true day traders. Do you suppose that the mania was driven by them competing against each other and now the dip is driven the same way? I know it sounds absurd but something is going on here. If the pro's (funds, etc) and the mom and pop LTBH aren't selling then who is, because someone sure as hell is. I mean funds can't trade in and out because of the size of their holdings so they are either buying or selling a stock regardless of it's day to day gyrations IMO. It's kind of an interesting question that I have been asking myself for some time.

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