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Pastimes : Ask Mohan about the Market

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To: Bilow who wrote (14390)	2/24/1998 7:32:00 AM
From: Mike da bear	Read Replies (1) of 18056

Bilow, I'm in the same profession as you. If I were you I'd stick to the EE work. Your return on you time will be much better than with daytrading. IMO the market is controlled by the brokerage houses. If they want a stock to go up they can do so by upgrading or reiterating upgrades or increasing 1999 earnings estimates by 3% etc... On the short side they also control when a stock will go down by downgrades etc. Also, they have the $ to squeeze shorts on overvalued stocks. Daytrading is really a gamble in todays environment. mdb

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