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Strategies & Market Trends : After Hours Trading(ECN)-The Coming 24/7 Trading Explosion -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (227)	5/30/1999 11:36:00 AM
From: X Y Zebra	Read Replies (2) \| Respond to of 314

It's coming, regardless of the complaints, ill-baked logic, or whines of those who are so suddenly interested in protecting "other peoples money." Hmmm. Bravo.... well said. The Alarmist Hens, continue to say, the sky is falling, for this and other reasons... yet, the sun keeps coming up every morning and shinning.... in spite of the Hens. I say, if you don't like it - don't trade during it. Precisely.... If one's investment is well researched and prepared for, then the accessibility (based on convenience and access to a larger audience, which includes THE INDIVIDUAL, (and eventually, expanded to many other countries)... does not change the soundness (or dumbness), of said investment. ____________________ "The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken

To: LPS5 who wrote (227)	5/30/1999 11:51:00 AM
From: Sojourner Smith	Read Replies (1) \| Respond to of 314

This is not like TV, "if you don't like it, turn it off." I make my living by trading. I am a short term trader and the system worked fine for me the way it was. The mm games and pump and dump schemes were the main pitfalls. I am not sure what will happen with the new system, but I am concerned that 3 things may happen. 1. It will bring in novice investors, who may get hurt by being more tempted by short term runs that get dumped the hours they are at work. 2. It will take away gap-ups. 3. I may have to spend more time at work and less time with my family, unless I team up with someone. Instinet comparsion is not accurate, because its impact is slight. If your plan succeeds, stock prices will be affected. Especially if it goes 24 hours. BTW, I heard an interview with the head of NYSE and he was concerned also about hurting the gap-ups.