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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (30622)	2/24/2000 6:31:00 PM
From: Lee Walsh	Respond to of 150070

I just received this in my e-mail....CNBC..."money mail" LOL "An interesting segment on CNBC today spoke of Day traders. Statistics indicate 12,000 "professional" traders now account for over 10% of all trading volume on the Nasdaq exchange. Interesting; these "pros" must make approx. $110,000/year to break even! Most of them, reportedly, are losing money." I've got 2 comments/questions..... 1) Have to make $110,000 a year to break even??? What the heck does that mean...If you clear $110,000 after commissions....I'd say you've done much better than broke even. 2) They obviously haven't talked to people on this thread..... I'm up over 2000% on the year so far....although I mainly "position" trade...holding for a day or three...I do daytrade some dumpers....and make money on 49 out of 50 of them. I believe the bunk on Daytrading is just that....bunk. No doubt that many people lose money....many people also make money. If someone is over 18 or 21 and wants to put money in the market....why the heck should the government....or the SEC give a hoot. Lee