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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.001600.0%Jan 9 9:30 AM EST

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To: jhild who wrote (11312)1/6/1998 1:35:00 AM
From: Dwight E. Karlsen  Read Replies (1) of 22053
 
Re students on CNBC: In addition, I assume they were "paper trading" rather than using their own $10K of earned money. After being smacked with a few bad trades using one's own real money, the trading decisions become more difficult, IMO. "What did I do wrong"? "Why didn't this trade go as well as the last trade"?, etc.

Without knowing any of the specifics of the trades of the top teams, I can't say whether it was just luck or not, but it seems to me that if enough people throw enough paper money at enough different trades, some are bound to be "more fortunate" than others, just due to averages within a large sampling (many contestants, in this case).

DK
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