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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (55024)	4/7/1999 5:22:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 132070

BGR, what do you do for a living? Nevermind, it's not important, but I assume that you can do whatever it is that you do. I trade stocks for very short term, low amounts. I will put $5-150k up to make $500 or so several times a week. I do prefer to put up $5k to make $500, There is no need for an experiment, at least to my thinking. I get quantifiable results each month when I get my brokerage statement. Are you of the opinion that Goldman Sachs, Merril, Smith Barney, Morgan Stanley, etc are losing money in their market making operations? They might be, but for some reason I doubt it. Those market maker operations are nothing but short term traders. "I am not sure why folks buy and sell stocks over the short term. " I do it because it's my job, man. The bank wants it's mortgage payment, the condo association wants it's monthly assessment, my husband and I enjoy eating regularly, the car needs gas, etc. Did you see the PAIR fiasco today? Someone published a phony Bloomberg report saying that the company was taken over. This person emailed a link around, and it was posted all over cyberspace. The stock was up 30%, and the scam was exposed. How hard is it to predict that the stock is going to be sold? Barb