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To: ST Trader who wrote (3768)7/30/1999 8:02:00 PM
From: Crispin  Respond to of 10354
 
scott,

you might want to check if the 'zero sum game' refers to futures
contracts. Now that is a zero sum game - there is someone losing
and someone gaining.

In straight stocks there is no one on 'the other side'. (there doesn't have to be a short seller losing[gaining] as you gain[lose])
And I always like to think of all those hard working people helping
to make me money. The company sells things. They make a profit.
They (maybe) give the stockholders dividends.

I know some stocks are a bit 'disconnected' from this,
but eventually sales, earnings, etc. will catch up.

Crispin