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Technology Stocks : CAWS - Wireless Cable (New and Improved)
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To: Stanley L Brown who wrote (5736)10/30/1998 10:08:00 AM
From: Bill Ounce  Read Replies (1) of 5812
 
the market as a "zero sum" game?

>>>
In every trade there is both a person who makes money and a person who loses money.<<<

counter examples:

In a long running bull market, long term holders tend to make money. If they buy and sell to each other, they all make profit.

In a long running bear market, long-term holders tend to lose money (at least on paper).

Perhaps the "zero sum" game is more applicable to "hype stocks" such as CAWS. Especially when the bid/ask spread gets too large. For this arena you may be correct :-(
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