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

To: KymarFye who wrote (12228)	3/9/2001 8:49:21 PM
From: TraderAlan	Respond to of 18137

KF, <Lee predicted the new rules will have a major impact on a category of day traders he calls ``day traders lite'' -- a group he estimates at between 400,000 to 500,000 people using online accounts run by Charles Schwab Corp., E*Trade Group and similar online firms.> This is a lot of warm bodies and very likely highly underestimated. Once their brokers place the scarlet "DT" on their heads, they will be encouraged to hold overnight by their margin accounts turning into cash accounts (if I read it right) or having their trading suspended. Alan