Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: robnhood who wrote (15056)	3/20/1998 9:16:00 PM
From: Bonnie Bear	Read Replies (3) \| Respond to of 18056

I looked up the world's population. India and China are almost untouched at over 40% of the globe's population, and growing. And they will undoubtedly need pension plans, eh? Maybe I should stop wasting my time looking at this idiocy, park some money in an international index fund and let it sit there for 20 years.

To: robnhood who wrote (15056)	3/20/1998 9:44:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 18056

Have Credit Card, Will Travel Russell, It will be very frosty Friday before I turn my credit card and my phone line over to my laser printer. Hewlett-Packard launches its own version of Java biz.yahoo.com << A main reason for putting the software into a device is that it would make it more Internet-accessible, the company said. For instance, a printer equipped with the software could monitor its own toner levels and could access the Net to order more toner when it runs low. > :-)) John

To: robnhood who wrote (15056)	3/20/1998 9:59:00 PM
From: Simon	Respond to of 18056

<< I doubt if there'll be a stone left unturned.>>> Party Pooper!!!!

To: robnhood who wrote (15056)	3/21/1998 2:55:00 AM
From: Bilow	Read Replies (2) \| Respond to of 18056

Hi rrman;;;; I'm through the first week of daytrading training, and it is a major cool thing. I can't believe how many intricacies the Nasdaq market has that I was unaware of. And funny rules, like you can't use SOES for more than 1000 shares in the same direction in five minutes. Now I can (somewhat) identify the other participants, and get to know the style of the Goldman Sachs Intel market maker, for instance. Amazing. Lots of strange rules and alternatives. Before, I just had limit buy, sell and short, and market buy, sell and short, and those required complicated sequences of key strokes. Now I've got 18 different keys that all mean buy, short or sell, and their meaning can be modified by use of the other keys, for instance to preference a particular market maker. SOES, SelectNet, ISLD, Instinet, the ECNs, there is a substructure to the Nasdaq market I never dreamed existed. Even if I never go live, it will have been worth it in order to experience what really makes up the market. I feel like I'm in trading heaven. Regarding the three other students, I detect a tendency towards gambling addiction, and somehow I suspect two of them won't survive 3 months. (The gambling addicts get an odd gleam in their eye when they describe their latest stock purchase.) I am reminded of the "efficient market hypothesis". Doesn't the existence of people who live by trading pretty much refute the theory? I think the economists are a little clueless. They probably believe the current stock market is fairly and efficiently valued. I'm learning a whole new way of looking at a security. To a daytrader, they are risky as hell, and ownership is to be avoided at all cost. Stocks are only temporary places used to increase your cash, not objects of desire. Don't get into a trade unless you can see how you can get out with only a small loss. And if that path starts to close, don't second guess, don't think, just get back to cash. Missed money is better than lost money. And don't worry about the condition of the company's business, it will still be the same 60 seconds from now when you exit the trade. If you hold your stocks overnight, you can lose your capital cause "News happens." Anyway, I've been super busy, and having a great time with Nasdaq Level 2. I'll post how things turn out when (if) I go live. I seem to have the basic key strokes down, and had my first winning practice session today, mostly on NETA. -- Carl