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Non-Tech : Cityscape Financial (CTYS) -- Ignore unavailable to you. Want to Upgrade?


To: Shane Stump who wrote (1403)10/25/1997 8:57:00 AM
From: Ploni  Read Replies (1) | Respond to of 2544
 
Shane,

I haven't done any daytrading, as I only have 15-minutes delayed prices, and it takes me a few minutes to place an order, both of which are conducive to losing money. (My one attempt at daytrading was shorting MSFT as Janet Reno was talking about them, but by the time I got my order in and it went through, it was filled at 130 15/16. MSFT did fall to 127+, but I kept holding, and am still holding it at around 135 for a loss. Crime does pay!)

So while I'm not the most-qualified person to discuss daytrading, I think there must be safer stocks than CTYS to daytrade: (a) that have been trading in a defined range for a longer period of time; (b) that aren't as volatile; (c) that aren't run by incompetent managers.

- Charles