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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: agent99 who wrote (6473)	2/24/1999 9:30:00 AM
From: pae	Read Replies (1) of 12617

Anybody catch Ron Klink on CNBC this AM? He thinks stocks should trade at the "value" of the security; guess he hasn't heard about willing buyers and willing sellers setting prices. "Momentum" investing is bad. Trading costs are so low that evil daytraders can make money on a "teeny". Blah, blah, blah... Yes of course he is hugely misguided. But should we be writing our senators and congressman to prevent what is currently just a request for an "investigation" and the attendant free publicity turning into some really stupid legislation? Or can we safely ignore this idiot and wait for the storm to pass? I remain concerned that some clump of self-promoting idiots is going to capitalize on the free publicity focused on daytrading and pass some bill that makes intraday profits taxable at 80% or something equally anal. All this daytrading noise on the tube is making me nostalgic for O.J. and zipper-gate. Perhaps we should all chip in to buy monica a ticket to wherever O.J. is currently holed up. pae

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