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Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?


To: AugustWest who wrote (7150)2/1/2001 5:30:19 AM
From: AugustWest  Read Replies (1) | Respond to of 17683
 
What's up with CNBC's highschool stock contests?

Anyone notice lately that these kids that are winning are trading? They mentioned the average time they held a position was a couple weeks- the most recent one I saw.

I can't say as I blame them in this environment, but this stuff does not teach the kids about "investing" nor does it instill "patience". So are we going to raise a generation of traders? Man, I can see Uncle Sam licking his chops when he sees stuff like that.

FWIW, my 14 year old son is doing something similar to that in his school, but they are not allowed to sell their positions for I believe three months. Oh well, WTF cares anyhow, I'm just on a rant.



To: AugustWest who wrote (7150)2/1/2001 8:03:33 AM
From: Seeker  Respond to of 17683
 
I'm being a bit facitious here. I guess my tongue in cheek humor is not coming across either.

The reality of it is I owe these guys a debt of gratitude.
They have been a trading tool for most of us.

But...they owe it to THEMSELVES and us to try and keep the playing field as level as possible.

The world is becoming to sad of a place and we need all the intregrety we can muster.

Peace everyone.

S

PS:David Faber only annoys me when I am stuck in a bad trade.-g-