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To: Don Westermeyer who wrote (35905)1/21/1999 7:30:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
That article about daytraders using 10:1 margins at those daytrader brokerages was VERY interesting.

Of course, the problem with these clowns is that it's almost impossible to find large blocks of shares to short, so they can only make money on the way up.

I will note however, that these guys could certainly move into any other stock sector that is low-priced and start the cycle all over again.. This sounds like something the SEC will try and stop in the near future, i'll bet. Or else these companies will suffer huge losses with gap downs during the day.

At least you know to sell these things before 3 in the afternoon! All those daytraders are all forced to liquidate their positions by the firms..



To: Don Westermeyer who wrote (35905)1/21/1999 9:00:00 PM
From: dennis michael patterson  Read Replies (2) | Respond to of 164684
 
I just said I think it may be a tradeable bottom. That's all. The current environment is the flip side of 2 weeks ago. Let's just wait and see.