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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: per strandberg who wrote (41244)	6/30/1999 8:58:00 PM
From: Haim R. Branisteanu	Respond to of 94695

Per, online accounts are not the full story there are shops (also called trading rooms) all over the USA with millions of day traders. Now a Cafe in New York fancy 57th street has opened sponsored by Siebel (spl?) to trade stocks and have a cup of cafe. If this is not a sign of a top I wonder which will be, Haim

To: per strandberg who wrote (41244)	6/30/1999 9:47:00 PM
From: clochard	Read Replies (1) \| Respond to of 94695

Per, I don't know where any statistics for online traders are but I have seen comments by the industry saying that online traders performed worse than buy-and-hold investors. One can only imagine in these last few months of wild swings that these non-professional traders are getting caught at every turn. Add to these the amateurs at the day-trading boiler rooms and I see liquidity draining out faster than coming in, since new trading capital is often borrowed money and doesn't grow on trees. Steve