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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: ztect who wrote (207)	6/7/1999 9:26:00 PM
From: Eric P	Read Replies (2) \| Respond to of 18137

I appreciate your not being rude to the Grandmaster. I'll try to be equally polite with you... As stated in the Subject Description, this thread is dedicated to discussing concepts in daytrading. It is not intended to discuss "Companies where people have jobs" or "grub...yum" or other similar topics. Please keep that sort of discussion on the CYBERIAN GULAG thread so that we can maintain focused on this thread. We would all be receptive to hearing your comments or suggestions related to the posted topic. Thanks again for being polite. -Eric

To: ztect who wrote (207)	6/7/1999 9:27:00 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

ztect, <Again sir, I don't wish to be rude> Your comments are way beyond rude. You come into someone else's home and soil it with inappropriate comments. You also have no idea how the markets work. Without the liquidity provided by short-term traders, you couldn't invest in a cow, much less than a company's future. If you believe world capitalism is steeped in the fairy tale idealism you're trying to sell with your comments, you have no understanding of Zen or eastern thought either. Alan

To: ztect who wrote (207)	6/7/1999 10:13:00 PM
From: Raymond Duray	Read Replies (3) \| Respond to of 18137

Hi ztect, I detect of whiff of old fashioned righteousness to your note. I probably cannot and will not speak for the author of the post you address your questions to. But in a general sense I feel I have some understanding of what it is that you feel has run amok in this market. Providing the capitalization for worhty companies is something that is covered in spades in this county. In 1999 alone, the amount of money flowing into firms from venture capital is expected to be north of $20Billion. The research budget of Microsoft alone will be $3Billion, in addition to the likely $8-10Billion that M$ will invest in other ventures. ($5Billion to T alone, so that M$ can piggyback on the cable modem/ broadband bandwagon.) This is just the tip of the iceberg.This is just onecompanies investment in the future. So what possible difference can it make what one individual could invest. Let's think a bit about what the Grandmaster is contributing to the betterment of us all. On the face of it, daytrading appears to be a case of economic parasitism. But let's look a little deeper. In order to be engaged in his "play" activities he (or she, as the case may be) would have to rent a seat at a SOES or other facility or set up a trade desk at his own location. In doing so, he will be paying a vendor who in turn will most likely be putting money into the real economy by paying rent for office space, by leasing or buying equipment, paying a telecom vendor and paying for a staff. All legitimate and worthwhile economic activities. If the I.G. is really good, he is supporting autoworkers when he buys his new Lexus. And hires restaurant workers when he goes out to celebrate his successes. Hires domestic help to run his household. So, ztect, I.G. and his compatriots seem to be doing quite a lot for the betterment of us all. But, wait a minute you say, he is not producing anything of merit. Well, he may not be producing anything that you can physically hold in your hand, but then neither is a bureaucrat or a lawyer or an entertainer and yet each of those categories of folks are linchpins in the modern US economy. And they are all important components of our overall welfare. But when you invest in a company, you're INVESTING in more than paper.. No, ztect, he is investing, from a physical point of view, in less than paper. He is investing in bits. Ephemeral electronic/photonic signals that exist only in an ethersphere until a paper confirmation needs to be delivered, a mandate from the SEC that is actually quite archaic and should be put to rest, saving the forests for the next vaction that our indefatigable I.G. wants to take in the countryside. Where he'll contribute yet more to the welfare of B&B owners, ski resort owners and workers, gas station attendants,park rangers, highway patrol officers (not just fast on the keyboard) and dishwashers. So, on balance, while I.G. and his bretheren are reducing the future welfare of those who put money in the market only to lose a portion or all of it by investing in the wrong "pony" or by panicking, or by buying mutual funds that dissipate earnings power, or by just plain dumb trades, the daytraders are boosting the welfare of the staffs of CNBC, Bloomberg, the WSJ, Barron's and the whole business media complex as well as the on-line world, simply by giving us something to talk about. Isn't that enough? Ry

To: ztect who wrote (207)	6/7/1999 10:14:00 PM
From: Don Pueblo	Read Replies (2) \| Respond to of 18137

Couple things: Lose the 60s Marvel byline. Lame. Actually, worse than lame. Annoying. Secondly, you have no idea what you are talking about. There are a lot of hallucinogenic reasons to by an equity. There is one sane one. To make money. That is the reason the game is played. There is no other reason for the game. If you want to believe that people buy a stock like CSCO because they have some ethereal vision about the future of the people that work there, that's your right. What the rest of the world looks at, (including the employees, who have some interest in the company, as it were) is the price of the stock. Sing Kumbaya all you want, dude. If the stock goes down in price, the picnic is over, and you can hold all the stock you want. I, on the other hand, will be flat or short and when it gets Really Awful, and you realize that All is Lost and You Can't Go On Believing, you will sell your stock to me, or somebody like me, and I will take your money, and that's the way it is. Sing Kumbaya. 'nuff said