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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Kathryn Anshutz who wrote (7550)	5/28/1999 5:54:00 PM
From: OldAIMGuy	Respond to of 18928

Hi KA, Getting stewed..... Sounds like a great idea! I found out I do better self-medicating myself with Meyers's Rum than taking prescriptions that were given to me. Found out I don't like pain pills, no matter what Bret Farvre says, and even Tylenol PM knocks me for a loop. I guess I know the dosage better with Meyers's!! :-) There will be a need for the mutual fund industry to figure out a better way of getting their prices updated as well. It seems to me there are some Fidelity funds that already update their prices about once an hour or so during the day, so you can trade on firmer ground than waiting for the end of the day. Yes, lots of changes are still in the future. Best regards, Tom

To: Kathryn Anshutz who wrote (7550)	5/30/1999 7:57:00 AM
From: JZGalt	Read Replies (2) \| Respond to of 18928

KA - I think if you look at Friday's trading you get a feel for what might happen with extended hours. The majority of stocks went into a very small trading range except if someone want to make a large buy or sell, then the prices reacted. This thin trading would be classified as inefficient by me. That's good for AIM'ers sitting with GTC orders and also a few types of traders. In the bigger picture, it will not matter for the majority of stock holders IMO. Once you get to 24/7 trading the picture changes to one of relative efficiencies when major markets have the core of their business day to periods of slack when some markets are on edging toward the end of the workday and others are starting. As I see it the european markets and the US will couple and the US and the Asian markets will couple, but the Asian markets will have a harder time spanning the time difference to trade the european markets. In other words, even if the world goes 24/7, the time differences between typical workdays around the world will create times during the day when trading is less than efficient. The outcome I most fear is something like last summer where markets are reacting out of fear and near panic. Without those pauses after the US market closes and before the asian markets open, or before the eupopean markets open, I think that the reflection on "what should I do?" will be overridden by "cut your losses!!" and "preserve your capital!!!". ---- Dave