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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (75047)	12/11/1999 9:47:00 AM
From: lee kramer	Read Replies (3) \| Respond to of 120523

Thanks for the fine post Kendall. My initial thoughts; this is all gonna take quite a while; who knows where the "ball" is gonna land; you can be sure that the "day-traders" are gonna take it in the neck, though it seems that this whole megillah is aimed not really at us, but at the 4-5,000 day-traders in the day-trading "shops." And, we all know where the wild volatility is coming from; It's sure, (with one or two exceptions) not us. How do you spell "hedge-funds", that drive prices through the roof? Where I can buy a couple hundred shares of a tech stock, these hedge-fund maniacs can be in and out of several hundred thousand shares, or more. Methinks the "regulators" oughta aim their arrows at the right targets. Lee Kramer the volatile-inducing-madman? Indeed. (Lee)

To: kendall harmon who wrote (75047)	12/11/1999 1:34:00 PM
From: Jenna	Read Replies (4) \| Respond to of 120523

Margin - daytrading.. I never use margin. After trading only a few months I got a little pink on Friday after 3:00 that if I didn't cover 4,500 immediately, they would begin selling my holdings. I thought that was a lot of nerve since I had money in the account and stocks way over $100,000 nor did I understand the implication. After a hurried call and run to the bank I sent a wire transfer to Penson Financial.. I almost didn't make it since it was close to 4:00 but the experience soured me on the whole deal. This was in early 1995 and I never did margin again. AS for the daytrading..The media should know there are close to 37,000 daytraders and the numbers are growing. There is a definite new wave of 'education' which will actually undo the damage of firms like Ameritrade, E-trade, DLJ or whatever company makes everyone think its so easy to daytrade.. Then when the daytraders get into 'trouble' they get attacked. Well perhaps with the new education that will turn out well-trained traders with strategies and risk management tools instead dangling $9.95 for a trade, a wonderful instant execution system and no idea of really what to do with it. What I envision is the average daytrader will do much less trades a day. The trades will be well planned and tracked and the trader won't be stumbling in the dark. Perhaps the brokerages will make less money because traders will traded 3-4 times a day and not 20 but make a good deal more profit in those few trades. Traders will also learn to 'hold' their positions from 1 day to 1 week and possibly more and that won't endear them to Ameritrade and others either. And while we're on the topic, let me talk once again about analysts who dare to take $75 to $150 on a 10 page stock analysis while we can get those for free on many websites.

To: kendall harmon who wrote (75047)	12/12/1999 11:39:00 PM
From: SMALL FRY	Respond to of 120523

Kendall, I wonder which side of their mouths are they talking when they said this. Under the proposal, a day trade is defined as buying and selling the same stock in the same day with borrowed money. A "pattern day trader" is anybody who makes more than four day trades in five business days. By their definition a trader who deal in cash even in a margin account can't be a daytrader... so if I don't borrow any money, I can daytrade all I want and not be classified as a daytrader. Is that supposed to make me much better? <LOL> I think the key here is the 4:1 margin for all > $25K accounts and only 2:1 for the rest of newer traders trading under that capitalization. The intended objective could be to lure the newbies into laying out more money so they may borrow more and be primed for the margin squeezes that this people like to play... is it just me getting a bit disturbed by these moves? Hopefully the SEC will tweak this numbers a little lower... SF