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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (7354)	5/24/1999 8:45:00 PM
From: E. Davies	Read Replies (1) \| Respond to of 12617

entering new ones carries a lot more risk than simply getting a good night's sleep and waiting until the next day. I think you have been a trader too long! Believe it or not there are people out there who hold stocks for days, some even weeks! Wow. Some even hold for months! Just playin with ya. These people who have real jobs and kids they have to get off to school and dogs barking and phones ringing dont have time in the morning to evaluate some subtle suggestion from Alan Greenspan or see what happened in Hong Kong and then log on to a broker to place orders. Most dont even have time to glance through a morning paper. After hours will be for these kind of people, not much use for traders except as you said to react to big news. I'll bet there will be lots of opportunites for the sharp to take advantage of overreactions. Eric

To: TraderAlan who wrote (7354)	5/24/1999 10:24:00 PM
From: Leland Charon	Read Replies (1) \| Respond to of 12617

TraderAlan, As far as I am concerned extending trading hours is a complete waste of time. I sit at a tube for around 8 hours a day and when 4:00 rolls around the last thing I want to do is think about trading. I just don't feel that the liquidity will be there to support such a move. We have lives too, Leland

To: TraderAlan who wrote (7354)	5/24/1999 11:43:00 PM
From: Ira Player	Read Replies (1) \| Respond to of 12617

I'm concerned by the very short term view being taken by the crowd regarding extended hours. I feel this is the first step toward a real global market. When the hours are extended, the pressure will be on to allow trading in more issues from outside the "North American" area. While trading in "American" issues will be the focus at first, I believe it will shift to a more general "It's 5:00 pm EST, shift to the Far East as focus. At 1:00 am EST it's time for Europe." This already happens with the institutions. It will migrate to the small guys, technology being the equalizer. (Capability anyway. Can the little guy handle it generally. That's another question.) Just an opinion, Ira