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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: BradC who wrote (7167)5/5/1999 6:44:00 PM
From: TraderAlan  Read Replies (1) of 12617
 
Brad,

You're absolutely right that it's the mutual fund holders who will decide the market's fate if the big selloff comes, not the day traders.

But very few of the newbies entering the trading game the last 1-2 years have ever sold short. They're just chasing momentum when prices are up and running for cover when they drop. They won't affect the scheme of things during a big decline as they'll already be washed out of the markets, leaving the game to the small core of real short-term traders who took the practice seriously in the first place (and who have always been there anyway).

Alan
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