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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: GVTucker who wrote (120853)	4/27/1999 8:26:00 PM
From: Fred B.	Respond to of 176387

<<Instinet is an agency only system. It is more expensive to trade agency than as principal directly with market makers. For day traders, it would be foolish to spend the extra money. (Although, for the most part, day traders lose money, so I guess it isn't too irrational to expect a day trader to act foolish. <g>) The chief advantage to trading Nasdaq stocks through Instinet is the anonymity that Instinet brings. For a large buy side institution, this is important. For a day trader, it is irrelevant.>>>>> GV, Actualy ECNS such as inca, Isld,etc., allow the professional daytraders to make a market themselves. On these systems you can go on the bid or the offer for as many shares as you want. At most firms the difference between an ECN trade and a SOES trade is only about a couple of dollars per 1000 shares,well worth paying to be able to buy a stock on the bid and sell it on the offer. The advantage of inca over Island and others is that there is a lot more activity on larger number of shares. For example, on a 5000 share trade, it might take several tickets and some time for your order to be picked up by Island traders while , in a moving market , it is often picked up in one shot by some institutional player on inca. Also, inca is active in after- market and pre-market, as you know. While I admit daytrading is not for everyone, it can be quite profitable for experienced traders. Many daytraders are former traders at major brokerage firms who got tired of the B.S. of playing the corporate game and now trade their own accounts at these firms. That said, there is no doubt that for an investor buying and holding good companies such as dell is the best avenue. Regards, Fred