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To: SIer formerly known as Joe B. who wrote (3161)7/11/1999 11:15:00 AM
From: Eddie Kim  Read Replies (3) | Respond to of 3645
 
Day trading is more like gambling. And gambling is trying to beat the odds that are stacked against you. Trying to make a quick buck. My wife works in CT running a study on gamblers (CT has the largest casino in the world, Foxwoods, plus Mohegan Sun). She has seen people lose hundreds of thousands of dollars in one day. She has treated people who are suicidal and are on the run from the police. Her studies considers "day-traders" as gamblers. The constant thing she tells me is that most of these gamblers are alike: They think they're special and know it all. Makes you wonder about yourself doesn't it?

I prefer to INVEST in a company. This takes patience and research. That's my plan.