Word: sells
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Dates: during 1990-1999
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...questioned that firing on the air, he was fired too. Listeners lodged complaints, Pacifica hired armed guards, and on July 13 KPFA's staff found themselves locked out of their own building, a broadcaster pulled off the air in mid-sentence. Rumors swarmed that the Pacifica board planned to sell the station's bandwidth...
...like 90 percent of people who try this aren?t successful," says TIME Wall Street columnist Dan Kadlec. But failure isn?t against the law, and after the report?s release, trading firms were scrambling to remind regulators -? and the public -? that a few unscrupulous apples aside, what they sell isn?t any different than a job at Merrill Lynch: it?s an opportunity to play the markets with the big boys. The only difference is whose money gets put on the table. At Merrill, winners get rich and losers just get fired. In day-trading, winners get rich...
...manufacturers can sell guns only to licensed distributors, and they can sell them only to licensed dealers. Dealers, therefore, are the manufacturers' most important customers. Nationwide, 125,000 of those customers disappeared. Some dealers--like me--never bought or sold a single gun. Most of them probably sold only a few guns each year. Some sold hundreds, even thousands. The sudden shrinkage surely had an effect on sales and production. Says Andy Molchan, director of the National Association of Federally Licensed Firearms Dealers: "If you have 125,000 dealers who sell just four guns a year, how many guns...
...knows for sure how many people day trade. But the number is way up from a few years ago, when this bull market kicked into high gear and the Internet began making it easy and cheap to buy and sell stocks. Barton Biggs, an analyst at Morgan Stanley Dean Witter, confirms and bemoans the trend in biting missives to clients about his plumber, who is so busy trading he won't come to fix a leaking pipe. I've written about the guy behind the deli counter leafing through Barron's for that day's stock trade. It's epidemic...
...there's nothing easy about it. Jake Bernstein, author of The Compleat Day Trader, estimates that only 15% of those who take up day trading make much money at it. Many lose big because they don't have the discipline to sell immediately when a stock moves against them, or they leave a lot of money on the table by being too quick to capture profits when a stock starts to move their way. Often mistakes are a result of making overly large bets. "If you have too much at risk, you're prone to acting on emotion," Bernstein says...