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

To: TraderAlan who wrote (2273)	8/1/1999 6:37:00 PM
From: KM	Read Replies (2) \| Respond to of 18137

Alan: You'll love this: 'It's a Bad Trading Day ...And It's About to Get Worse' His debts going up, his marriage going bad, an Atlanta day trader bludgeons his family to death and goes on a shooting spree—a tragedy with a twist of cybergreed. The trail of terror. By Evan Thomas and T. Trent Gegax He thought they were friends. The two men had sat side by side, day after day, engaged in the legalized gambling known as "day trading" in the Atlanta office of All-Tech Investment Group. Mark Barton "was one of the nicest guys you ever met," recalled Fred Herder, his desk mate. "He was religious, and he was on the phone with his kids all the time." Barton was unlucky at betting on stocks, however, and All-Tech had yanked his trading privileges in April. Then last Thursday, Herder saw that Barton was back in the All-Tech trading room, dressed in baggy shorts that he often wore. Herder noticed something odd: despite the air conditioning, Barton was sweating profusely. Barton disappeared into the manager's office and Herder heard three shots ring out. When Barton came back to the trading room, he was brandishing a .45 automatic and 9mm pistol and firing wildly. Panicked, Herder tried to duck under his desk. Not fast enough: a bullet struck him in the back, wounding him seriously. Herder was one of the fortunate victims. Before Barton killed himself a few hours later, Barton turned a pair of gleaming office buildings in Atlanta's upscale Buckhead neighborhood into slaughterhouses, firing off about 40 rounds, killing nine people and wounding 13 others, two critically. At his first stop he declared, "It's a bad trading day, and it's about to get worse." At his second he announced, "I certainly hope this doesn't ruin your trading day." The shooting spree was ghastly but depressingly familiar. The twist this time was millennial cybergreed. Trying to cash in on go-go Internet stocks, part of a growing national subculture of day traders who rent space in brokerages and try to make fortunes on market fluctuations, Barton had fallen into a hole of debt. He blamed others: in a letter he wrote at dawn on his last day, he had declared, "I don't plan to live very much longer. Just long enough to kill as many of the people that greedily sought my destruction." The letter offered clues to a wound deeper than a margin call during a downturn in the Nasdaq Stock Market. Two nights before he typed his last testament, Barton beat his wife to death with a hammer. The next night, he fatally bludgeoned his two young children. In the letter, he explained, opaquely, that he had killed his children to save them from "a lifetime of pain... The fears of the father are transferred to the son. It was from my father to me and from me to my son." Money woes seem to have helped trigger Barton's explosion, but other, earlier dark moments hint strongly that his rage was boiling long before anyone had figured out how to play the market in cyberspace. newsweek.com

To: TraderAlan who wrote (2273)	8/1/1999 7:28:00 PM
From: Smooth Drive	Respond to of 18137

Hello Alan, Regarding your comments relative to Tradehard. Well said. It was the interview in this months TAOSC with Haggerty that took me to the site. I spent a little time there -- haven't been back. Take care, Eric

To: TraderAlan who wrote (2273)	8/1/1999 7:31:00 PM
From: -	Read Replies (2) \| Respond to of 18137

Alan, Yes, I've found limited value at tradehard.com, but it is improving somewhat as they build the site content into something more substantial. Most of it is worthless, but they're "working on it"... and there are some good tutorials posted; interesting chats with traders, etc. I don't visit the site that often. I find myself visiting thestreet.com less and less the past few months, somehow I find the articles less and less compelling -- with two noteable exceptions, Cramer and especially, GARY B. SMITH! (just seeing if you're on your toes, GBS...). [He's a regular lurker/stalker here!] -Steve

To: TraderAlan who wrote (2273)	8/1/1999 8:04:00 PM
From: marketbrief.com	Read Replies (2) \| Respond to of 18137

Alan, I read Haggerty's pre-open commentary, and Cooper's mid-morning commentary every single day. I like the fact that Haggerty is a "grizzled veteran" and has no illusions about what he is doing. And I can state for the record that I have made money on quite a few calls that Cooper has made mid-morning, because he clued me into action that I would not have otherwise looked at. As for the rest of the site, I have no idea because I've never looked through it, I just attend for Haggerty and Cooper. ~Smart$

To: TraderAlan who wrote (2273)	8/1/1999 9:47:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 18137

I think the real value the site is course work being offered by Boucher which is very good and original. Well worth a one month subscription to be copied. Haggerty is also offering course work that covers topics like Boucher I have not seen anywhere else on he topic of day trading that covers institutional and specialist activity. The others services offered by the site like scanning for high RS and "cup and handles" may be of value to some, but not me. I do find from time to time the market commentary by Cooper to be insightful. IMO Haggerty is a double zero here much of the time. Boucher has done allot of original research into several key aspects of the market. One is the liquidity cycle, and another is price action which is different than price patterns. Here is where he looks at price action on a pullback to gauge the likelihood of a strong continuation. Not the textbook stuff I usually see. His material also offers fresh insight into the market. Bob Graham