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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: accountclosed who wrote (39725)5/8/1999 3:31:00 PM
From: NickSE  Read Replies (2) of 86076
 
Ha, those guys don't know anything!!! For only $19.95, I bought Billy Banks Taebo-Daytrading Video Course and it has turned my initial $500 investment into $50 billion dollars. Now, not only do I own several small countries, I'm also in top physical condition.

Managers at Morningstar conference warn of grim future for day traders
cnnfn.com

"To speak of day traders in any investment context is silly," said Nygren, manager of the $1.4 billion Oakmark Select Fund, which has beaten the S&P 500 since its launch in 1996. "These people are fulfilling a need for entertainment and are using the stock market for that."

"They're cowboys," said David Liu, manager of the Strong International Stock Fund. "When you buy and sell something 20 or 30 times a day you're not an investor any more. These people are not investors, period. They're traders....."
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