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To: Adivino who wrote (95)6/30/1998 10:05:00 AM
From: Larry Voyles  Respond to of 390
 
Okay, I'll grant you the technicality on the definition of daytrading.

I daytrade and close out most of my positions at the end of the day, but I also DO accumulate in advance when a daytrader's "soiree" is planned. I guess there should be a different term for the semi-organized "wolfpacks" of daytraders that "prey" on certain stocks.

I also left out the part about going long/short/long at the top and bottom of the cycles. That makes the party a little more sinister.

What I'm trying to get at is that daytrading purposely introduces volatility into a stock. Does this "false" volatility differ morally from the "normal" volatility of stocks that aren't daytraded? Again, should daytraders be forbidden from planning these little raids?