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To: Alohal who wrote (122197)	5/4/1999 2:46:00 PM
From: Augustus Gloop	Read Replies (2) \| Respond to of 176387

Na...not really embittered. I just feel like in most cases if people search hard enough they will find a low cost broker that doesn't jam up or leave you hanging on the line for 20 minutes. I can buy 1000 shares of dell for about 125.00. For an 1/8 commission I'd rather pay a guy that I know, trust and is local. I love the net but I think it's stealing some of the community relationships that one should have and build upon. Now if my broker said pay me $2000 for the trade I'd feel different. I was burned once by online trading and swore it would never happen again.

To: Alohal who wrote (122197)	5/4/1999 7:20:00 PM
From: Chuzzlewit	Read Replies (4) \| Respond to of 176387

Hal, I've seen a lot of people who claim they make money day trading, but I'd bet my last cent that very very few of them actually do, and of those that do, most underperform the broader markets. The reason is really simple. Day trading is at best a zero sum game if the system were frictionless, but it isn't. You must buy at the ask and sell at the bid, and you must pay commissions. Now consider a trading system in which your only other trading partner is a day trader. Simple mathematics tells you that their aggregate worth must decline. I'm not writing this as a challenge to anyone. If Donnie and Granola say they make money doing this I have no reason to doubt them. TTFN, CTC