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To: James Thompson who wrote (3898)9/12/1999 11:20:00 AM
From: Gary Korn  Read Replies (2) | Respond to of 10027
 
Jim,

Thanks for your post. The WSJ heard about me in connection with my (former) day trading activities. I used to "scalp" teenies and had executed over 100 trades some mornings. I had all the equipment, fast internet connection (T1), Level 2, Fido and ABWatley (so I could execute to ISLD). Anyway, when the WSJ called, I was just in the process of switching from scalping to long term investing (which had been my original style). I believe that the changeover, and the reasons for abandoning the scalping casino, were of interest.

I think it's rather ironic that one of my favorite positions now that I'm back to investing is NITE, which based its original growth upon day traders (to some degree). I believe I can make more money investing in a company that grows through trading (among other avenues) than by doing the trading myself (and, as the Fortune article noted, NITE is one heckofa trader in its own right, with much better data that I had at my fingertips).

Anyway, thanks again,
Gary Korn