Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Mark Davis who wrote (5941)	12/4/1998 2:44:00 AM
From: pae	Read Replies (2) \| Respond to of 12617

"Pure Gambling"? No, pure gambling is when you are betting against the house and the house is winning. Reread the WSJ journal article you seem to have paraphrased. The establishments largest complaint seems to be that the retail investors are making money and they (the suits) are not. Normally I would try to ignore the sour grapes but the NASD is defining the "problem" as the "daytrader problem" and is seeking a "solution". Sounds to me like the house wants to rig the tables a little more. After all, how can the suits con college grads into "paying their dues" whilst the suits pocket the big bonuses if a mere college student can make $100,000 in a relatively short time. Tsk, tsk, hrmph, hrmph. Can't let this happen. Wouldn't want to have to make room for the customers' yachts, after all. interactive.wsj.com

To: Mark Davis who wrote (5941)	12/4/1998 7:49:00 AM
From: TraderAlan	Read Replies (1) \| Respond to of 12617

Mark, Its not insanity, its the marketplace. Traders will ALWAYS seek to capitalize on market inefficiency. Remember the SOES bandits. More power to them for finding an edge, even for a short time. Current Internet chasers found that traveling in packs was profitable and beat the bid/ask wall. I give them credit for finding a trading "system" that works. Day Traders have no "right" to profit but all investors, traders, institutions have the right to firm quotes and fair market/limit order executions, period. Without that, it's no longer a market, it's a con game. The MMs/NASDAQ have a right to respond to this inefficiency in a reasonable manner, like they did with SOES. But they must maintain a WYSIWYG order and execution system whether they like it or not. Alan