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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (14287)2/1/2002 4:52:00 AM
From: LLCF  Read Replies (1) of 74559
 
<So the question is, knowing that the markets are corrupt and we are the designated "marks", how do we take advantage, considering that the typical SI type speculator is at an information deficit in the game? >

Ahhh, but this is only true for the very short term ebb and flow [day traders, or even min by min]. Longer term, one sitting at a computer has BETTER info than those on the floor. They often here WHY a stock moved on the news later... not to say that their position didn't enable them to escape it, but they didn't use it as a club typically. That's where we fight the next tier... upstairs traders from the houses and hedge funds who make decisions on the fly as we do [as institutions are far too unwieldy for this... they are being called by the sales traders and or having 'meetings' about news.

<<those possessing more timely, more truthful and otherwise superior information will always have the natural edge in the market. That would be the wire house traders and the corporate insiders. Not us. Enron is perfect example of this information asymmetry leading to an almost inevitable disaster for the little guy. >>

So, where is the info assymetry in OUR favor?? Any ideas??

DAK
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