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To: Devin McBeth who wrote (6327)1/30/1999 1:54:00 PM
From: peter gucker  Respond to of 12617
 
>>> Is day trading going to continue to push the envelope as more and more individuals join the day-trading ranks or..<<< I would hope so, because in my opinion volatility is what makes a daytrader a success. If the MMs as someone stated are the ones really getting hurt imagine one or two more million people doing this.
<< will we all be shaken out when the momentum stalls and the market crashes?>> I liquidate whatever stock I have traded before the bell sounds ending the day. So I protect myself that way. Also you have to be able to short, I use to think that was "unamerican", but now I just consider it one of the tools we have to trade with. The reason I liquidate is you dont want to be screwed the next morning when, as an example I held some shares called ATIS it was selling at like 18 bucks a share when I went to sleep, I woke up turned the computer on, it was at 9, I thought it was a mistake so I re-started my computer, well it didn't change, it was quite an eye-opener.
>>If that, in fact, is the case, what's to best way as a day trader to take advantage of the "institutional lag?"<< Who cares. I dont see them, except in isolated cases, doing what we are doing. Maybe they do. it seems however that with these net stocks that are jumping all over the place, that it is 100 to 1000 share lots that are moving these things. I could be wrong just my opinion.



To: Devin McBeth who wrote (6327)1/30/1999 2:54:00 PM
From: Dave O.  Read Replies (1) | Respond to of 12617
 
< will we all be shaken out when the momentum stalls and the market crashes? >

Shouldn't be the case ... there's the short side to play too and as a trader you have to play both sides ... as long as there's volatility there's great trading opportunties.

Dave