according to Etrade CEO, daytraders are back. this usually means greed has returned and fear has subsided. if you turn on CNBC you can see a lot of speculative under $5 stocks scrolling across the bottom of the screen. daytraders are probably driving volume on these names.
one should have money on the sideline for shakeouts. funds can make serious money shaking these guys out. with daytraders around, it's easy to shake them out and make money off of them.
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September 22, 2009
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