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Re: stingray2 post# 8607

Tuesday, 09/14/2004 6:22:45 PM

Tuesday, September 14, 2004 6:22:45 PM

Post# of 341698
Thanks for the information. Not many people know that if you own a seat on the exchange[ hedge fund], the trades are made for pennies.

The day trader I knew would be given an amount of money that would be invested any way he desired. He could stay invested for 5 minutes, sell and that would be he activity for the day.
I do think a figure of 1 cent per share was payable,-stock exchange tax.

Scmi is on someones "list", as a money maker, with very little downside risk, and is playing with the stock, making money by hitting the break point with 5,000 share trades.