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To: dougjn who wrote (6354)12/12/1997 11:06:00 PM
From: JMD  Respond to of 152472
 
Doug, your kind words are a real source of pleasure on a gloomy day--therefore even more than customarily appreciated.
(Note new paragraph--lack thereof has generated high volume e-mail nasties, aka, flames.
Yes indeedee, I still love Tlabs BUT reference back to prior post relative to my stock picking weakness. That said, TLAB has almost miniscule exposure to Asia but since telecommunications equities are now virtually universally equated with SEA, it too got bombed today. IMO, for no good reason, I will add to my position if it breaks 45. Thank god it's the weekend and I really mean it. Best, Mike Doyle



To: dougjn who wrote (6354)12/13/1997 8:13:00 AM
From: Ramsey Su  Read Replies (2) | Respond to of 152472
 
Doug,

"I think most people who day trade lose big after a while."

Having toyed with day trading for the last couple of weeks, I can't disagree with you more. There are many "strategies", "disciplines" etc in daytrading, just like the Buffet school or the Lynch school of long term investing. I have been trying them out and all seems to work fine. So far, I did about 50 trades with winners outpacing losers better than 4-1. They also carry far less risk than holding positions in volatile markets.

At times like these, I think it is a great way to make some money. The only problem I see that most "normal" investors would have is time. Day trading requires constant undivided attention, real time quotes and market indicator systems.

Ramsey