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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (12116)	1/28/1998 1:26:00 PM
From: Moonray	Read Replies (1) \| Respond to of 22053

Sorry Scrapps, I totally disagree. 1) The 50-point breaker stops Program Trading which would move the market 500 points before you could even turn around. 2) An exaggerated down move touches off stop-loss orders, reinforcing a down move. 3) Time to think breakers only serve (as long as it is but a short time) to make stocks trade at their deemed "value". 4) The chaos present before breakers only meant that traders and investors alike did not know the status of their buy/sell orders as brokers struggled to keep up. 5) No harm no foul. The breakers were instituted to alleviate intolerable conditions of exaggerated price movement and only serve to avoid some panic conditions by "the little guy". It's easy to see how "circuit breakers" benefit Wall Street insiders. But it's hard to see how they benefit the rest of us. Maybe that's because they don't. o~~~ O