Forum Archive Index - April 2000

["Nigel Bree" <nbree@kcbbs.gen.nz>]

Clifford Jon Kirk wrote:
> Just read a wealth of (US) articles on daytraders.

What kind of articles? Favourable ones, the kind that have helped run
up the NASDAQ by encouraging people with short-term goals expecting massive
returns to invest in a market they don't understand?

Ugh.

> Big question is, can I act as a day trader in a southern hemisphere
> stock market, ie; New Zealand or Australia, or am I condemmed to sleepless
> nights looking at the Nasdaq?

Why not, the local on-line discount brokerages will let you. After all, they
will take their commissions from all those trades, if that's what you want
to
do with your money instead of investing it.

It's your money. Just bear in mind articles like these:
  http://www.fool.com/FoolFAQ/FoolFAQ0048.htm
  http://www.fool.com/boringport/2000/boringport000118.htm
which point out the less glamorous side of day trading.

> (not really what I want to do at nights, sleep seems a better option).

My money is in the NASDAQ long-term, in quality software stocks that have
rock-solid revenue and realistic P/E ratios. I sleep just fine, and none of
the fatuous nonsense which we see on the TV news or read in the papers (e.g.
Rod Oram's "Between the Lines" in Monday's Herald) matters a damn to me.



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