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Technology Stocks : TheStreet.com, Inc. (TSCM)

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To: Jack Hartmann who wrote (1562)12/29/2003 3:29:56 PM
From: TraderAlan  Read Replies (1) of 1822
 
Thats apples and oranges Jack. You should include this as well:

More Traders' Red Ink
12/29/03 01:18 PM ET

The market looks easy to trade in the rearview mirror, but we forget that record short interest accompanied most of the rally this year. There was real live trader money in those massive short positions. Also, the rally itself took place mostly in spurts in March, May and August to September. In between (the other eight months), it was delightfully easy to throw money at an uptrend that didn't really exist. That in particular is a favorite sport of momentum traders.

Traders' Red Ink
12/29/03 12:22 PM ET

I'm picking up some skepticism from readers about my comment that traders as a group have lost money this year. I stand behind this statement 100%. It's the nature of trading for the majority to lose money, even during a major bull advance. I don't see what's so hard to believe. On average, traders (especially retail traders) have terrible timing. That's how the minority of traders make money every year, i.e., taking advantage of the majority.
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