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Strategies & Market Trends : The Amateur Traders Corner
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To: Tom Hua who wrote (8515)4/23/2001 4:21:38 AM
From: Dale Baker  Read Replies (1) of 19633
 
The daytraders are swamped in numbers and trading volume by the 6-10,000 hedge funds out there playing with much bigger bankrolls and an equally short attention span. Daytraders don't toss 10-20,000 shares at the bid or ask on a hunch before lunch.

In addition, the end of lockups in most tech IPO's and the end of new tech IPO's means far fewer high flyers with tiny floats that daytraders could have an impact on. It takes some serious $$$ to move these puppies now.
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