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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Dragon 1 who wrote (19652)	8/30/1998 10:21:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 50167

Watching the nature channel is an interesting perspective on trading but I learned about nature and jungles long ago. Xia, I didn't say the SEC is going to bar short sellers.. you must read more carefully if this chat will amount to anything. I said, referring to the pillage that's happened in the HK market and many emerging markets.. "If the same were happening to our markets to the same degree you can be sure the SEC and Fed would put an end to it." The governing bodies won't let the market be destroyed.. what's the point in letting an arena of no rules exist where there's only the "law of the jungle?" There's no point to it, it would end up with knives and guns in the pits... its bad enough already. There is a purpose to having a market. It wasn't created to be a brawl where the top dog wins. Because its money being traded there will always be those who attempt to find ways to exploit the systems. Throughout the history of every market new techniques and challenges have been found to destabilze orderly markets, to play mm games, whatever... there are hundreds of examples. Rules have been put in to moderate those effects, not always to get rid of them, but to level the field and maintain the underlying reason for having a market in the first place. In some cases, like front running, its been made illegal. We recently put in trading curbs and small trades rules to help the little guy. You may trade by playing strategies based on what you think market makers are doing. It may work, it may not or just some of the time when you find a stock like AFCI which I happen to have bought a little late last week on valuation also. Anyway, good luck with your trading.. this tidal wave of pessimism and cross currency adjustment will run its course, keep enough money to enjoy the upside when it happens. Jim