Jenna, what are your opinions of extended hrs.? I think short term
upward moves to be expected in the broker/securites related issues.
But what concerns me is, no one has mentioned the enormous downside.
How will the market react in a volatile downswing? When cooler heads should be prevailing, novice investors are just sitting down to "see whats happening with juniors college fund.....sitting down to the computer... beer in one hand,...ham sandwich in the other...signs on to discover brokerage.com (because everyone who uses them owns islands, 50 ft yachts and bails out struggling countries...
Day #1....WHAT!!! Oh $&&*#$%!!! WE GOTTA SELL!!! they sell, stock rallies.. "Whew! that was close, I'll buy it back now"(junior has to go to community college)
Day #2...WHAT!!! Oh $&&*#$%!!! WE GOTTA SELL!!! they sell, stock rallies.. "Whew! that was close, I'll buy it back now" (juniors off to trade school)
Day #3...WHAT!!! Oh $&&*#$%!!! WE GOTTA SELL!!! they sell, stock rallies.. "Whew! that was close, I'll buy it back now" (junior fills out Mc donalds application)
Nasdaq is saying they are doing this because "the people want it, and we need to make markets available for everyone as a convenience for them" ...translation.. Brokers want to make more $, more commisions, more order flow to sell, and inexperienced investors to prey on!
of course, I could be wrong... Your thoughts? (if time allows)
regards
john |
