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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (26)	1/17/1999 12:33:00 PM
From: Mark[ox5]	Respond to of 611

Oh yeh also wanted to add... just from talking to a few people on SI who trade regularly... probably the best position if you want to keep your job and still trade is sales... as long as you meet your quota you can fill your time as you wish in most positions...then you get the best of both worlds... So maybe we just all need to change careers ;) Mark

To: xcr600 who wrote (26)	1/17/1999 12:36:00 PM
From: jttmab	Respond to of 611

x, In some sense, it doesn't make much difference whether the accounting practices were real or fabricated. If you're on the wrong side of the trade, the loss is very real. If short sellers come in large numbers on low liquidity stocks the share price will go down, whether the position is sound by measure of the fundamentals or not. This is something to consider if you trade for a living. You could argue that a thorough DD on LBOR would have revealed any questionable accounting practices but it isn't clear to me that that is true. I considered, albeit briefly, to post a message over on Yahoo to question how that issue was resolved in the end....but I'm pretty sure I would have been flamed in the most obscene terms for bringing it up. LBOR has moved over to the NY (now LRW) and continues to report record revenues and earnings. :o) Best Regards, Jim