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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (7320)	3/12/2000 11:28:00 AM
From: Threei	Respond to of 18137

Excellent point, Dan! And one thing to add to confirm this take: several articles were published in 1999 describing mechanics of funds working some Internet hiflyers and IPOs. They would run stock up on their buying, show them in portfolio as great investment and then use new money flow to support stocks at those, often incredible, levels pursuing easy to understand purposes. Regards, Vadym

To: Dan Duchardt who wrote (7320)	3/12/2000 5:00:00 PM
From: OZ	Read Replies (1) \| Respond to of 18137

While I don't wish to argue that public greed is not a culprit, I do think you have stated an unbalanced view that appears to absolve market professionals from any responsibility for getting us where we are. Dan, Can you please enlighten me as to what it is exactly that is so bad and requires absolving and where it is that "we are" that is so negative or bad. Culprit of what??? In a previous post you touted in regards to making money "IT DOESN'T GET ANY BETTER OR EASIER THAN THIS". So are things bad and it is hard to make money? Or is it too easy to make money and that is bad? Or would you prefer a market that makes you money in a precise and specified manner so as to please all the senses? Or maybe a market that makes everyone money and their are no losers???? I do believe that they keep making it harder to make money with the rules, but I also see that it just funnels more to the ones that can adapt. Regards, OZ

To: Dan Duchardt who wrote (7320)	3/12/2000 5:54:00 PM
From: ahhaha	Read Replies (5) \| Respond to of 18137

Your post asserts its own falsity. I haven't claimed there was anything ailing the market. How could the public and institutions be blamed for mythical ailments? I have suggested the public brings upon itself destruction from greed. So where are we? To the point where it is necessary to invent myths in order to rationalize loss? That point is continually being reached. What evidence can anyone produce that they were "ripped off"? How do they define "ripped off"? Not having got what they deserved? Almost always they have gotten more than they deserved because the members would prefer to avoid confronting false allegations since the press turns any such confrontation into a circus. You suggest the MMs are greedy. I am telling you that greed is intrinsic to all humans. I am telling you that the machinery is such that any attempt by any of them to benefit in some unknown way from their greed causes their expected return to fall. The method has to be unknown since under the circumstances it is not conceivable how any MM could avail themselves by violating the rules. You need to observe the trading room of an MM firm and then you can tell me how you would beat the system. As for brokers, investment bankers, etc., you have to be kidding me if you believe that any of them is operating in any deceitful way, since to do so means they will lose everything and go to jail. Why should they do that, risk everything for a little more, when they will get plenty more by not? You are saying they are stupid and you are smart because you can show you don't trust them. Yet it is you who need all of them and you explicitly trust them to execute in the market to serve your own deceit and greed. Then you say they are no worse than the rest of us. Speak for yourself, bud. Just what privilege do you think an MM or other market pro has? I will tell you they have no advantage and when opportunity knocks, just like the public, they run away. The only advantage a market pro has is they don't have a janitorial job and so don't get paid as little. They get paid by doing what they're told by you, by other pros, by officials, by the market. Have you considered learning about the market making machinery before making these silly comments or are you too busy looking for someone to blame for trading losses just like all the other public patzers.