Isn't it funny how "analysts" who do not, or refuse to, understand the trend in on-line investing always describe this new trend (online investing) as a "mania" or as an "insanity".
You know what, in a few years time, everyone will be looking back at the poor old brokers, who refused to believe that the money was moving to online investing, and say "Poor old fellows, hope they were successful in their own personal online investing, cause they don't make any commissions from me!"
Probably more importantly, as more and more people start investing online, more volatility can be expected. It's much easier to look and trade online than to talk to your broker. As the number of day traders increase, so does the volatility of mostly technology stocks, although not exclusively. Hence BID.COM. Although we are still in the hands of the brokers (Yorkton, Cannacord, et al) we are experiencing volatility because there are day traders around. Without the day traders, Yorkton would be holding $1.75 warrants on a $1 stock.
I just hope that we are not on our way down to $2.40 again. If so, can someone tell me in advance so I can sell tomorrow! <vbg> |
