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Strategies & Market Trends : Join stock club--Tang Fund -- Ignore unavailable to you. Want to Upgrade?


To: Arthur Tang who wrote (136)9/3/2000 9:06:54 AM
From: Arthur Tang  Read Replies (1) | Respond to of 145
 
Here it is labor day. What will it bring to Wall street?

This is an unusual year. Greenspan had spoken. Market pulled back to a crash. Now Wall street is rebuilding and broadening even the OTCBB stocks.

One wonders why OTCBB is broadening? In the past, every stock went up and OTCBB hardly moved. You might say that internet online brokerages with their own owned market maker firms finally made some money and accumulated some inventory. These inventories had to be defended. So, broadening finally happened.

More importantly, these OTCBB companies had to be pushed for earnings. It can not just be earnings for a quarter or a year; new business plans must be executed correctly.

So, now these largest market makers had to get on internet and learn from message boards how to work the business consulting to protect their inventory of stocks. Wall street MBA finally will use the MBA skills they learned from Harvard business schools. Is the future more secure, when wealth will be maintained by market makers yet? When will wonders ever cease?

But we are looking forward with pleasure. Thank you.