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To: TFF who wrote (5393)10/4/1998 9:19:00 AM
From: TraderAlan  Read Replies (1) | Respond to of 12617
 
irby,

He spends the whole first part of his presentation putting down day traders and comparing them to people who trade penny stocks. He calls them "hyper-active" and takes quotes from recent articles, i.e. Worth mag and adds his own negative comments. He cites the old California study about frequent trading mentioned by that old crow at Merrill last week to degrade people who do it.

THEN he proceeds with a feature by feature examination of broker/dealers. Sounds more like a cult deprogrammer than a reporter.

Alan



To: TFF who wrote (5393)10/4/1998 3:12:00 PM
From: TraderAlan  Read Replies (1) | Respond to of 12617
 
irby,

This is hilarious. I wrote to the guy writing that review to comment on his negativity in the midst of what he presents as an objective comparison of broker features. This is his response to me:

"Alan,

My opinions are the price of admission. I didn't force you to read them. I think people who day trade are fools, and I think similarly of commodity traders and options traders. Does that mean that I should ignore the needs of these people when I do up my reports?

Don."

Can't have it both ways. If he calls day traders "fools", he shouldn't be trying to serve their needs.

Alan