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To: Chuzzlewit who wrote (24412)	12/7/1997 3:06:00 AM
From: Omaha Investor	Read Replies (1) \| Respond to of 176387

hi, Paul, you must be a strong believer of Efficient market theory or random walk theory. You must believe that the price movement of intraday are random. actually, so many traders make a decent living by day trading. some of them are tape readers, some use technical tools, and some just use gut feeling. I personally use intraday techincal indicators ( 1minute and 5 minutes stochastics, and MACD) and the trading is very profitable.

To: Chuzzlewit who wrote (24412)	12/7/1997 6:47:00 AM
From: Xplorer	Read Replies (1) \| Respond to of 176387

Paul, For the most part your right they do increase volatiliy, but with a twist. Their rule is if they pick right and the stock go's up they pull their gain only after they reach the point within their sell range. This can take a few days so they do most of their buying on monday and tuesday and try to sell thursday or friday. Some times they get lucky and it happens in one day. This guys do not like to leave their money in over the weekend. leaving it in over the weekend means, as they stated it to me, a bad buy. They would rather sell at a break-even or even a very short lost. To them leaving it in means they now have to fall back on the stks ability to reach their set goals over a longer period say a month or two if the momentum is lost. That month or two cuts down on their usable funds for another 4 to 8 buy and sells. That can be alot opportunity lost. I think both of the guys I know are nuts. One has cash worth of 600K and other 1 mil. and as near as I can tell they both have about 50% of it in this. If I had that much in cash assets I'd be on the ski slopes. I'm not so greedy, life is to short.