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To: Trader J who wrote (22387)	11/3/2000 1:56:23 AM
From: B Tate	Read Replies (1) \| Respond to of 118717

TJ, Dale and Monty I've no qualms about either of you trading in the Swing room, I know Dale fairly well from contacts outside SI and believe in his motives and have followed yourself on occasion and have no reason to believe you are anything but honest. The initial question was raised since the site said NO TRADING by moderators and moreover NO POSITIONS in the equity market except through a blind trust. Expectations of altogether altruistic motivations by yourself and Dale didn't seem to wash. And yes I did do some math and realized you would be left behind your apparent success rates in trading your own accounts. It didn't and still doesn't make sense that two successful traders would lock themselves out from having the same opportunities that you've both enjoyed to date. I have no problems with traders being moderators as long as the management of the site has some checks and balances in place. (internal to the site management and not necessarily available to the general membership) I didn't mean to start a lengthy discussion but in the end I believe it might have been fruitful for the lurkers out there that have some of the same questions. rgds and good luck bt

To: Trader J who wrote (22387)	11/3/2000 2:28:56 AM
From: Dale Baker	Respond to of 118717

Just to emphasize on this point, I am a portfolio-based investor. The daytrading I do is a minor, minor part of my overall account. Most of my comments during a trading day relate to stocks that I already hold and will continue to hold. I don't think that a portfolio position can be frontrunning if I am not planning to sell for a while. A few examples from the STOPS site this week - I mentioned ALA at 59 when it came out that their Q3 earnings report was not faulty. It moved back to 62-63 though I owned it before and didn't trade after my mention. I also mentioned stocks like IFCI and XIRC breaking up through resistance. My portfolio updates here show that I have long-term shares and calls in IFCI and XIRC calls. I will be chatting about the stocks I follow 99% of the time. I leave the daytrading to the experts since it is not my forte. We will also spend time talking about portfolio trading and investing strategy. It can be just as challenging as daytrading in its own way.