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To: Lee Lichterman III who wrote (6607)9/2/1998 7:28:00 AM
From: Kory  Read Replies (1) | Respond to of 8002
 
I never said you could not make money short term trading. If one plays blackjack using the best mathematical odds methods, you have about a 45% chance of winning most hands.

Problem is that if you have any statistical background or if you have ever been around people who are chronic gamblers, you realize that only a tiny fraction of the people stay up in the long run.

Good timing for your friend. Just hope he doesn't honestly believe that he has a magic gift for timing the market.

Kory