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

To: Candle stick who wrote (257)1/19/1999 12:49:00 AM
From: SpongeBrain  Read Replies (1) | Respond to of 611
 
Hmm, I guess you are right, scalping today isn't how it used to be .
My friend confirmed that its somewhat harder to do this than it was a few years ago. I guess no one was doing it or knew about this little arbitrage oppty back then. Now he says people cut each other by 1/64.
So I guess the secrets out, and will ionly get exponentially harder
as the masses flock to this technique.
I will stock to learning strategies of substance that will have a longer half-life.
Thankds for the input!



To: Candle stick who wrote (257)1/19/1999 1:32:00 PM
From: Wayners  Respond to of 611
 
<<what are you going to do when you buy XCIT at 48 7/16, cut the spread, BUT the next bid suddenly drops to 47 1/2 the offer goes to 48 and then it starts dropping points at a second...12 seconds later it is 43-44.....now what?>>

That's an easy one. Just wait for ATHM to buy them out for $110 a share!!!


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