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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (54644)4/17/2000 12:54:00 AM
From: 10K a day  Read Replies (1) | Respond to of 122087
 
there were exactly 17,402 daytraders wiped out....That leaves 34,318 left to trade on Monday.



To: Dale Baker who wrote (54644)4/17/2000 7:09:00 AM
From: Land Shark  Read Replies (1) | Respond to of 122087
 
>The daytraders go home flat so very few would have faced
>margin calls.
90% lose all their capital in one year. Most don't go into
short positions. They try to get in at the bottom end up
selling at a loss and end up cash poorer at the end of the
day.
>Everyone I talk to in the Mom and Pop category is hanging
>tough since they made so much last year.
I think even the most bullish have had their confidence in
the market shaken.


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