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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (1008)	11/16/1997 8:47:00 PM
From: TFF	Respond to of 12617

>>>> Anyone who thinks their fortunes can be made by trading stocks, day to day, in the market, could be the one in nine who don't make it. I'd say 1 in 1000.

To: steve goldman who wrote (1008)	11/16/1997 10:21:00 PM
From: funk	Read Replies (3) \| Respond to of 12617

Holy GEEZ...no offense meant, but every once in awhile you post these noxious messages....I can't even bring myself to read through this one here...YUK. I understand you hate to think of a bunch of guys losing their shirts or wives or houses...but holy smokes....It is just poison to me at some point when you cross that gulf that yawns wide open between motherly concern and just down right profusion of negative opinion. I know I'll catch hell for this. Obviously you are a tremendous positive here. I appreciate 90 percent of your posts...and I am willing to tolerate the other ten percent... And don't go changing, either. Don't want that. I just had to spit this out...no offense. As far as I am concerned if you don't like your job....QUIT. Go balls out. If you crash and burn don't go crying to Steve Goldman. PERIOD. Oh and don't go crying to sniper either... hehehe LOL ;-} AE

To: steve goldman who wrote (1008)	11/17/1997 5:33:00 PM
From: Ira Player	Read Replies (4) \| Respond to of 12617

Steve, Not intending to get anyone in a lather, but ... How about a little comment on the "useful purpose" of the day trader? I have enjoyed position trading with 2 to 8 week typical hold times for several years and am recently doing intraday trades. I find it very profitable, but ... Philosophically, what is the redeaming social value of a trader? Other than adding some liquidity to the markets (some would argue amplifying volitity is the primary impact), at the end of the day, a trader has added nothing to the productivity of the community and some view it as parasitic. Most people crave the feeling of accomplishment that only comes from creating something. While "creating" personal wealth via trading creates instant gratification, the gratification that results from executing a business plan successfully, allowing you to expand your business and create a few new jobs, is somehow deeper and more fullfilling. Remember, while trading seeks to take advantage of short term movements in the equities markets, we are buying and selling equities that represent money placed in trust with an organization staffed with workers that are supposed to create further value with it. Since I am unable (lack the skills) to gain satisfaction in artistic pursuits, I personally, need to keep the day job to provide that feeling of contribution, if not a stable financial base to support the trading addiction! No offence to those who trade full time. Ira

To: steve goldman who wrote (1008)	11/19/1997 10:12:00 PM
From: Esteban	Read Replies (1) \| Respond to of 12617

Steve, Maybe with your expertise you can help me understand the dynamics of the trading action on BOSCF that I noticed today. I'm not interested in buying or selling the stock as much as understanding what could be driving the strange action I observed. BOSCF has spent the last 2 days with no movement in the inside market at 5 3/8 by 5 7/16. The two MMs on the bid are RYCE and CTRL (not sure CTRL is the right symbol) and they have been there for two days. Three days ago the price rebounded from 4 5/8 to 5 5/8 on low volume of around 30,000 shares and then settled into the above mentioned range. Today the volume increased to more than twice the norm of late and there were 238,800 shares traded on BOSCF. Only 16,500 shares and FOUR of SIXTY trades were at the ask of 5 7/16. All the rest (56 and 222,300 shares) were at the bid of 5 3/8. Would you please comment about the huge imbalance between buy and sell orders and why the price didn't move down as a result. Does this indicate weakness since the selling pressure is enormous, or strength because the price refuses to budge despite the onslaught? What is the most likely eventual outcome of this battle? This seems like an exagerated situation that should underline SOMETHING going on that might be of use to understanding the markets we trade in from a daytrading perspective. I would appreciate any light you can shed on this matter. Esteban PS.. I don't own the stock.