Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: P.T.Burnem who wrote (3193)	2/4/2000 11:09:00 AM
From: robbie_nw	Respond to of 3216

Cyber customers beware....I am currently on hold trying to reach trading desk....been here for 5 minutes and counting. What a joke. edit: Took 9 minutes to get a live person

To: P.T.Burnem who wrote (3193)	2/7/2000 12:53:00 PM
From: CyBerCorp.com	Respond to of 3216

P.T. Burnem, I think it's important to bear in mind that the gains in the NASDAQ were not particularly broad-based; furthermore the information conveyed is not specific enough to draw the conclusion that our client assets did or did not out-pace the market, only that they grew. As to if we could/should reply, the performance of our clients either individually or as a whole is confidential information and not something to be discussed with anyone other than with an authorized individual for an account and discussing specific information dealing with the particulars of only that account. If we can be of assistance, please feel free to give us a call. Sincerely, CyBerCorp.com

To: P.T.Burnem who wrote (3193)	2/7/2000 1:14:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 3216

PT Burnem - "in spite of Penson's idiotic margin rules" - these rules are mandated daytrading margin rules, not a Penson creation. As to how did CyberCorp customers do as a group? Obviously, I have no access to inside information, but it should be pretty easy to figure out: badly. Not badly because of Cyber - badly, because they are more active traders. There are very credible studies done, which show that the more often you trade, the lower your overall returns. The very most active traders (read: daytraders), do the worst. This has been confirmed numerous times. Now, before someone jumps in to say how well they have done daytrading: sure, there is the 1% (not an exact number, but pretty small), who do very well indeed, but the vast majority underperform the market. For the vast majority, they'd be better off in index funds: less stress, less commissions, less taxes, greater returns. In fact - most daytrades LOSE money over the long term. The only folks who do well, are the brokers (and the fee-based industry that's grown around daytrading - seminars, books, courses, etc). But, don't blame the broker - it is not Cyber's fault. They provide a service. It is your choice to use it. Good luck in the market! Morgan