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

To: Richard Estes who wrote (7377)	5/26/1999 8:50:00 AM
From: TraderAlan	Respond to of 12617

Richard, Agree with your perceptive comments on endangered traders. The individual you describe is likely to represent more volume than "real" traders, who have always been in the minority. A couple of days lurking the dark recesses of the YHOO boards offers ample proof. The total number of players has grown sharply but their motives probably haven't changed much since the bucket shop days. There will always be a large core of pure gamblers, an equally large group of true believers and a much smaller contingent of pure numbers, sentiment or contrarian traders. <do a scan and see how many stocks have doubled or more in last two weeks from low to high. Or how many have lost 30% from high to low. There is momentum in place, up and down.> The numbers aren't that good. I did a quick scan on 30 day moves of 70% in either direction. 271 stocks. This number drops to 86 when you filter stocks over $12 and 90 day avg vol over 150K. Of these 86, only 55 traded in excess of 150K shares yesterday. And it would be even harder for liquidity junkies, like readers of this thread. Small caps dominate the remaining list since that's what's been moving the last couple of months. Alan