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

To: Eric P who wrote (12200)	3/7/2001 8:08:04 PM
From: Brandon	Respond to of 18137

I think the "old days" was some how more fair. A trader who knew how to read the charts or the tape could tell something was going on and act however they choose to act. Then when the news came out, the smart money was out, and could provide some stability as the dummies run for the exit. Just my thoughs. Brandon

To: Eric P who wrote (12200)	3/7/2001 8:26:35 PM
From: LPS5	Read Replies (1) \| Respond to of 18137

As I've posted a few times, and with regard not only to Reg FD but also decimalization, some (not all) of the order handling rules, SuperMontage, etc...even the widespread availability of Level 2...one should always be careful what they wish for, because they just might get it. The so-called "level playing field" isn't nearly what it's cracked up to be. Especially when, given the purportedly "equal" tools, the American consumer culture mindset remains in the state whereby competing entities somehow owe a debt of "service" to the individual. LPS5

To: Eric P who wrote (12200)	3/7/2001 8:36:10 PM
From: Wayners	Read Replies (1) \| Respond to of 18137

Those are some great points. FD is right for better market efficiency and quickly pricing in news but bad for trading wherby we're taking advantage of such inefficiencies.

To: Eric P who wrote (12200)	3/7/2001 9:06:53 PM
From: Jon Tara	Read Replies (2) \| Respond to of 18137

Maybe FD will lead to a return to investing on fundamentals. I used to follow an odd-ball illiquid stock, that was quite amusing to watch. (Though it was like watching paint dry...) DTUN - Detroit and Canada Tunnel Corporation. They operated the tunnel between Detroit, Michigan and Windsor, Canada. They have since been bought-out. The stock used to trade in a stair-step. Every quarter, they would come out with their earnings report, and the stock would stair-step up or down, and then trade at the same price for the next 90 days. Talk about an efficient market, LOL!