E*Trade (NYSE:ET) Message Board

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Non-Tech : E*Trade (NYSE:ET)

ET 16.83

+0.7%

3:59 PM EST

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To: Oeconomicus who wrote (5451)	3/6/1999 12:22:00 PM
From: Peter Church	Read Replies (1) of 13953

It's a mystery how options can decline while the stock goes deeper into the money. I prefer selling options. That puts the time value on my side. But it's very risky. My March 45 Call short has done OK. I'm speculating here, but based on my own experience, day trading is a loosing business. I think I can guess the market's direction, and get wacked most of the time. I read the amazon thread and see that there are a few people who have profited well from amzn over the past year, but a lot of people have lost a fortune. Many of them are gone. The buy and holders were the winners. What does this speculation have to do with ETRADE? It's my hypothesis that most of the high volume traders on-line are loosing money. Kind of a market top distribution, you might say. The majority of ETRADE high volume customers may not be so fascinated by trading by next year. They'll be back at their day job (hopefully they can still get one). If the market cracks, their numbers will decrease even further because most are bullish. That is why I believe that ETRADE is a good short at this time. Just my two cents.

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