interesting post, thank you Steve, and
for those who go back and read it, a response
posting, number 3986, is a good one to review.
First I'll pay my toll, then I'll ask my question,
then back to lurker mode--I very very rarely do a
daytrade...but of course making money fast and easy
sounds very appealing...
Barron's this weekend talks about the cancer biotechs,
I thought that if folks search out the companies that
are into "Signal Transduction" they might trade
ARIA up on Monday, Ariad Pharmaceuticals. I don't
own it and I'm not going to trade it (halfway into
self imposed trading recess), but I thought I'd
post it...also posted it on the VD's biotech thread.
Oh maybe I will try to daytrade it...but I am awfully
suspicious of this technique.
Anyway, my newbie question for all of you is what if
the market is trending down, don't all the soes traders
simply get killed? It seems to me if this market
unwinds, then MM's just can just get things moving
upward, and then sell into the daytraders' enthusiasm.
But then, on the other hand, if the market in general
is doing poorly, maybe that makes the few stocks moving
up stand out, and all the daytraders pile on to just
those few. |
