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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (33478)	9/7/2017 12:43:11 PM
From: i-node	Respond to of 362949

>> It's an obvious system flaw that should be eliminated. A tiny tax on trades would do the trick. HFT would make the tax painful. A slightly larger tax might serve to bring trading back to actual long-term investing. So, what you're proposing is institutionalizing the cheating. This is pretty much like political corruption -- if you want to pay the fee, you get a better price? Even you can re-think this and see the problems. A fair system would queue all incoming orders and randomly select the next queued item to be processed. Fair, cost effective, fast, and not difficult to do. Probably do it in ten lines of code if the current queue is a fifo stack.

To: bentway who wrote (33478)	9/7/2017 9:17:31 PM
From: zzpat	Respond to of 362949

Agreed. China thinks long term. We think quarter to quarter. I notice there are a lot of short term traders in this forum and very few long term investors. At least that's my impression so far. This short term need to increase stock prices has many problems associated with it. The person who makes the money isn't getting it. It's going to investors. On top of that stock buybacks give more money to investors and create debt while contributing nothing to the well-being of the company. Money that would otherwise go into innovation (R@D) is being wasted. One of the things I look for before I buy a stock is stock buybacks. If a company has a series of bad quarters and it bought back stock, the CEO needs to be fired and I won't buy stock in companies that have CEOs who pander to investors.