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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: MythMan who wrote (63093)9/20/1999 4:58:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 86076
 
In case you missed it - Insider sales at SCH: #reply-11259773
<<One dogged tracker of online trading activity, Charles Biderman, editor of the Trim Tabs investment newsletter in Santa Rosa, Calif., says maybe the Schwab officials see the handwriting on the wall—namely, a marked slowdown in the online trading business.

He notes that online trading activity peaked in April, what with many Internet stocks—the darlings of the online traders—having subsequently fallen so sharply. And this, in turn, he says, has prompted many investors to desert online trading and return to the mutual fund fold.

"What's clear," Biderman says, "is that online trading could continue to experience decreasing activity, leading as well to a sharp profit slowdown at online trading firms. And Schwab, being the king of the online traders, could suffer the most."
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