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To: Ian@SI who wrote (122389)	5/5/1999 9:29:00 AM
From: GRANOLA	Read Replies (2) \| Respond to of 176387

<OT> ian, we disagree...i don't have time to debate it now...need to go and trade...you know, i am "gambling, not speculating...because i have no knowledge of what i am investing in..."...that is a sample of what he said that caused me to disregard the whole speech... BTW, my comments ARE based on reality...MY reality trading...

To: Ian@SI who wrote (122389)	5/5/1999 12:43:00 PM
From: Lee	Read Replies (4) \| Respond to of 176387

Hi Ian,..Re:. When Arthur Levitt speaks about securities related issues, it is worthwhile to listen, When I heard part of his speech yesterday, I got the distinct impression that he lumped all traders/investors in with those bimbos shown on the Ameritrade commercials. So after reading your post, I went back and read his speech and the highlights of the remarks. The speech still strikes me as speaking down to John Q Public in general. Maybe the on-line trading/investing public is as ignorant as his message implies but it never occurred to me to start trading/investing without a thorough investigation into the securities market in general. Learning is an on-going experience and I continue to learn important aspects almost daily so I was kind of amazed he was addressing the most basic tenets of risking one's hard-earned money. It didn't help that the 'holier-than-thou' CNBC hosts or humorless critis according to Cory Johnson of thestreet.com who constantly imply that the on-line investors haven't a clue, smiled smugly and appeared to have their constant message justified by Mr. Leavitt. JMHO and thanks for your comments, Lee