|
Chris, thank you. Have SWS and NITE and feel they are good in combination. Was excited enough about these two, that I called a broker/friend at a major firm and explained the situation carefully to him for further investigation. Not to hype for our benefit, just had to tell a few others so they might share in what is an exciting opportunity. Regarding trading volumes, I think it is a major mistake to trade frequently [for most investors], for a host of reasons including taxes, overcoming the spread [which is far more costly on every trade than the commissions], and the likelihood of making emotional mistakes. That said and with full awareness of the "true costs", I have watched as my own trading velocity has gone up as an almost natural outcome of having low commissions and access to the tremendous information on the Net. What I'm trying to say, is that not only are in online accounts growing quickly, when people go online, there is probably an evolution to higher trading frequencies over not just months, but years. One final note, looking at a chart of NITE [make sure it is a log. chart], one sees a perfect trendline going up at a steep angle with occasional sell-offs just coming down and touching that line-very impressive chart. Thanks again, Mike |
