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Pastimes : Techride -- Ignore unavailable to you. Want to Upgrade?

To: Carolyn who wrote (1286)	5/8/1999 10:40:00 PM
From: Joana Tides	Read Replies (1) \| Respond to of 7442

Howdy Carolyn, modestly accepting your nomination for a seat on Our Fave's BOD. My best-effort contribution'd be to incomprehensively expound on invention ideas and the Dream Side of Pracicalities. CAN DO, SIR on command - with no rightbrain warmup time if necessary. But does this mean I'd be filing papers before quacking my shares? Seems difficult now, but of course Duckies could be trained to do it. And there's my answer to your above post re: the BIG Picture... "The fatter the ducks, the easier they train". Harkening back to what Blue said about The Big Boys methods... the filings of The Big Boys plans to buy and sell shares are of big importance to many investors and especially to those who want to keep "an orderly market" just like the Old Days. It would be to their interest to see to it that the market follows the Bigs Buys and Sells (announced Their Way) Analysts Gradings, Brokerage recommendations, newspapers & newscasters opinions, etc. (and of course, ultimately, it's to all our interests that the market stays orderly, as well). IMHO right now what we're seeing is a push by the masses in one direction, and a pull by the bosses in the other direction. And they hold the reins, but they can't hold onto 'em for too long, as things like that have a way of needing to be balanced out. The thing the MarketMeisters fear about the info over the internet, formerly strictly their province only and given out by them only to favorites...is they're afraid their positions will fast become redundant...all from fund managers who haven't managed to come close to the returns of internet stocks, to the brokers losing customers to Online Trading for $8 Commission per thousand shares. Living in the NYC suburbs, I overhear conversations at coffee shops that have echoed this sentiment lately... the pros see the ax about to fall on some of their numbers, from Top To Bottom. (BTW, IMHO to vote with one's wallet for only Online Trades without human contact is a mistake. It's like a difference between playing slotmachine poker or sitting around a table playing poker with real live folks. I mean, who ya got to go to bat for ya when the machine screws ya?). But that's the brokers, and the brokerages are pushing their online account capabilities now. Why? Why Not? Less Expense, More Money, More Control!!! Will the machine shop around for a better bid/ask or wait a few minutes if the price is on a trend like a good broker will do for a good customer? No way. Also, the more automated it gets, the fewer brokers in-house, the less squealers around to squawk or straighten it out for the customer when mistakes happen or funny stuff goes on. Not To Our Ultimate Interest, too many online trades, IMHO. So, say the brokers are the "little guys" not liking online trades which so often are accompanied by internet stock traders and their outrageous profits, unparalleled by their own experts. Next, we'll talk about The Big Guys - the fund managers, analysts, MMs, bigname stockpredictors, oldtime columnists, etc. They see this as Mutiny, as a teacher would see an classroom working from the books only, as a supv would see workers all doing work fast their own way, as a doctor would view an over-the-counter preventive cure-all...as individual investors see a market trading sideways and contrary to the ticks and numbers. The thing Bigs fear most about the internet information that's now available to "the masses", and especially the Internet Sector being out of their hands, is that the market will get out of their hands, out of control as far as they're concerned. They see themselves as being the ones in command, they see the Internet Stocks as an Anarchy Situation that profits them little. Market moves contrary to their predictions and stats that moved them traditionally wouldn't be to their liking. Fund managers see all the redemptions trading for buys of internet shares around the splits. CEO's are horrified that their postings of their buys and sells are immediately available to the public, instead of being reported in the news to suit. Yep, I think what we're seeing now is a struggle. And both sides will be compromised, compromising, and having to bend a bit before the results are in. IMHO. Are you sure you still want me on The Board? Caveat Emptor. Yer pal Blatherin' at ya, Joan