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To: JSwanson who wrote (6718)	10/9/1998 3:35:00 PM
From: Skeeter Bug	Respond to of 8002

jsw, we agree to a point. day trading is a joke, imho. at least for me. lots of risk with little gain. having said that, i do think it is prudent, to the best of one's analytical ability, to sell substantially overpriced stocks and buy substantially undervalued stocks. this is merely a risk reduction strategy. unfortunately, ALL my longs are now way undervalued so i'm not selling ;-)

To: JSwanson who wrote (6718)	10/9/1998 5:37:00 PM
From: Kory	Read Replies (1) \| Respond to of 8002

Thanks JS, You said it better than I could have. Just imagine how much money gets spent each day buying and selling stocks. While the liquidity of the market is a useful and valuable tool, the hyper-trading of stocks creates an industry which is probably put to more productive use elsewhere in the economy. And don't even get me started about taxes. It sure is funny that the government created the "Accountant Employment Act" without ever having called it that. Kory