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To: KeepItSimple who wrote (52038)	4/21/1999 1:41:00 PM
From: Hobie1Kenobe	Respond to of 164684

Keep, Do you really believe the daytraders are moving the size blocks of stock that moved the markets so violently this week? In an efficient market (which I believe we have) it's the aggregate actions of institutions, analysts, investors and daytraders, all juiced with non-stop media coverage and cries of "sector rotation" that cause these quick moves. As the financial playing field is leveled by the availability of information for all users, we should expect this volatility to continue. While I'm not a day-trader I do choose to participate and make some $ instead of sitting on the side wishing for the "good old days". Good Investing!

To: KeepItSimple who wrote (52038)	4/21/1999 1:42:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

Have you sold your AOL puts?

To: KeepItSimple who wrote (52038)	4/22/1999 8:09:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Glenn was quoted in the WSJ as saying he got a margin call, due to ONE DOWN DAY. Apparently a ton of other 'investors' did too. What would happen if there were two down days like that? How long before personal finances were ruined and the game finally ended? KIS, Was there anything that stated I would have difficulty meeting a margin call? You believe all my assets are in one trading account? The down day was a great buying opportunity and I used margin leverage to the max in that account. Glenn