America On-Line (AOL) Message Board

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To: Steve Robinett who wrote (4524)	2/7/1999 4:20:00 PM
From: Chuzzlewit	Read Replies (1) of 41369

Steve, I'm not sure I agree with your assertion that momentum trading is not a zero sum game. Here's why: it seems to me that your model requires unequal market reaction to supply and demand. For example, suppose that there is a sudden influx of orders to buy 1 MM shares of XYZ and the price increases by a certain amount. Now assume that a few moments later there is a sudden influx of orders to sell 1MM shares of XYZ. I believe that the price of XYZ will go down by just about the same amount that it went up. Or am I missing something in your argument? TTFN, CTC

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