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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (4108)3/8/1999 9:17:00 AM
From: Rande Is  Read Replies (3) of 57584
 
So WHY is Wall Street so hellbent on changing equities trading?

Because we independent investors figured out their game.

Consequently they no longer have the same advantages. . .and their analysts no longer weild the power they did. We do.

Merrill Lynch reported poor growth and earnings [being last to go with online trading] . . .they blamed Russia. . .LOL. Their top executives had to take pay cuts. . .and boy were they mad. . .Can you imagine having to take a cut in pay from 12 million per year all the way down to 11 million per year? We should take up a collection.

The biggest Wall Street fat cats HATE the independents for breaking into their perfectly constructed game. . .so just like any good casino in Vegas would do when too many gamblers figure out how to play, they just change the game and the odds. There is no way that Wall Street fat cats will allow this current trend to continue. . .the trend where independents like us are able make fast inexpensive trades at the best possible price, based on our access to real-time data and word from "the street."

And you better believe that the major changes will benefit the institutional buyers and NOT the independent investors.

Anybody want to start a mutual fund?

Rande Is
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