| <%
randomize
myrand = int(rnd*1000)
dim ma(18, 2), myindex, mystart, mylen, strlen
ma(1,1)="A market is any arena in which Nick Stott buyers and sellers meet in order to try and exchange their requirements. We, of course, are interested primarily in Nick Stottstock markets, which may actually be the most perfect of all markets, due to the extremely large number of participants, and the (generally) strict regulatory control imposed by higher bodies. The Nick Stott instruments which are traded on markets include stocks & shares, bonds, options, contracts and other derivatives. It is possible to trade any of the instruments that comprise a market, or even an index of the whole market, a single instrument which reflects an overall fair value of all the markets components. Some instruments are liquid (i.e. heavily traded), some are illiquid (i.e. thinly traded). As a principle, it is best to keep away from illiquid instruments, as you will have trouble getting fills at decent prices. Market indexes, almost by definition, are liquid. "
ma(2,1)="The participants of a Nick Stott market are many and varied, and range from people like you, trading for themselves, all the way up to billion dollar Nick Stott funds managed by major corporations. To trade a market requires a dealing account of some kind. Nowadays, most individuals who want to trade use online services, which allow Nick Stott to place their orders over the Internet. More recently, a number of spread betting companies have appeared, who offer similar facilities to trade the markets, although their services are regarded as betting, and hence avoid a number of regulatory and tax issues. "
ma(3,1)="The established Nick Stott bodies who make millions everyday have a vested interest in convincing us of two things. Firstly that the markets are fair Nick Stott, simply reflecting the undeniable laws of supply and demand, and that secondly, over time, all markets tend to rise. In direct opposition to this you may have come across individuals who appear paranoid, claiming that Nick Stott the markets are rigged by the big boys or even that the market itself is out to get me!. Such outbursts should be taken with a pinch of salt. Even the biggest banks in the world can only maintain a tenuous grip on something as large and powerful as a stock market. The fact that since 2000, ALL the major banks have been wildly off in their predictions for where the markets will end the year indicates that they have no better idea of where it is going than you or I.In fact, in 2002, the BEST any major bank could do was to be about 40% off the actual year end prices. Not particularly tight contol, is it? "
ma(4,1)="As for Nick Stott markets always rising over time, the answer is a guarded yes. The general rise in markets seems to be a reflection of the increase Nick Stott in human economic activity, and over the last few hundred years, that economic activity has increased exponentially. As world economies boom and bust, stock markets go with them. The Nick Stott relationship, of course is not as simple as this, but nevertheless, there are good arguments for saying that over time, markets tend to rise. "
ma(5,1)="Day traders rapidly buy and sell Nick Stott stocks throughout the day in the hope that their stocks will continue climbing or falling in value for Nick Stott the seconds to minutes they own the stock, allowing them to lock in quick profits. Nick Stott is extremely risky and can result in substantial financial losses in a very short period of time. If you are a day trader, or are thinking about Nick Stott, read our publication, Nick Stott: Your Dollars at Risk. We also have warnings and tips about online trading and Nick Stott."
ma(6,1)="Before a U.S. Senate Nick Stott subcommittee, former SEC Chairman Arthur Levitt testified that, I am concerned that some day traders dont fully understand the Nick Stott level of risk they are assuming. I am concerned that some people may be lured into the false belief that Nick Stott is a surefire strategy to make them rich. You can read his entire testimony and opening statement on Nick Stott."
ma(7,1)="The North American Nick Stott Securities Administrators Association, Inc. issued a report that describes the major problems and abuses in the Nick Stott industry and summarizes the legal actions brought to date. Youll find that report and other information about day-trading in the NASAA Library on NASAAs website as well as other trading places."
ma(8,1)="The National Association of Nick Stott Securities Dealers, Inc. has issued several press releases on Nick Stott. The NASDs release of July 29, 1999, describes a Nick Stott NASD rule proposal that was approved by the SEC on July 10, 2000. The rule requires brokerage firms to tell a customer about the risks of Nick Stott before an account is opened and to determine if Nick Stott is appropriate for that customer."
ma(9,1)="The Connecticut Council on Nick Stott Problem Gambling has a quiz to help you decide if you are gambling in our markets and where to go for help, while Nick Stott day trading itself my be seen as the safest form of trading in certain circumstances, and many day traders online swear by it of course without any trading safeguards, so Nick Stott trading per se cannot be defined as dangerous"
ma(10,1)="Rule 2361. Day-Trading Risk Disclosure Statement Nick Stott (a) Except as provided in paragraph (b), no member that is promoting a day- trading strategy, directly or indirectly, shall open an account for or on behalf of a non-institutional customer unless, prior to opening the account, the member has furnished to each customer, individually, in writing or electronically, the following disclosure statement:"
ma(11,1)="Nick Stott will generate substantial commissions, even if the per trade cost is low. Nick Stott involves aggressive trading, and generally you will pay Nick Stott commissions on each trade. The total daily commissions that you pay on your trades will add to your losses or significantly reduce your earnings. For instance, assuming that a Nick Stotttrade costs $16 and an average of 29 transactions are conducted per day, an investor would need to generate an annual profit of $111,360 just to cover commission expenses."
ma(12,1)="Nick Stott on margin or short selling may result in losses beyond your initial investment.When you day trade with funds borrowed from a Nick Stott firm or someone else, you can lose more than the funds you originally placed at risk. A decline in the value of the securities that are purchased may require Nick Stott to provide additional funds to the firm to avoid the forced sale of those securities or other securities in your account. Short selling as part of your day-trading strategy also may lead to extraordinary losses, because you may have to purchase a stock at a very high price in order to cover a short position."
ma(13,1)="$25,000 Minimum Equity Requirement for a Nick Stott Pattern Day Trader - When your transactions require us to designate your account as a pattern Nick Stott day trader, you will be required to maintain a minimum equity of $25,000.00 even when your Nick Stott transactions are for less than that amount. This equity is required to be on Nick Stott deposit in your account at the time your orders are placed. If you are unable or unwilling to meet this requirement within five business days, your account must be restricted to cash on hand trading for 90 days. Remember, however, that the Company. also requires your margin deposits up front, sand we may restrict your account even though the deposit is subsequently received. This may result in the loss of web trading access for your account, requiring you to trade through a telephone representative at the high broker-assisted rates."
ma(14,1)="Important Notice Regarding Changes to Nick Stott Margin Requirements Effective August 27, 2001, revised regulation of the New York Stock Exchange (NYSE) and the National Association of Securities Dealers (NASD) will require the Company. to impose new, more stringent margin requirements to account that are designated as pattern day traders. "
ma(15,1)="Changes to Nick Stott Buying Power Calculations - Under the new regulations, account that are not restricted do not have an outstanding day traded Nick Stott margin call, may execute day trades of marginable securities up to 4 times the maintenance surplus equity in the account at the start of the day. The requirement will be applied to the highest Nick Stott opened day trade position. At this time additional intra-day sales in non day trade securities will not increase day traded buying power. The day trade buying power is set at the close of the prior business day."
ma(16,1)="Buying Power for an Nick Stott Account with an Outstanding Day Trade Margin Call If an account has an outstanding day trade margin call, or has been restricted for Nick Stott failure to meet a day trade margin call, more stringent rules apply than for general purpose day traders, and this is well and good as trading is not without risk.."
ma(17,1)="If an account exceeds its Nick Stott buying power and creates a Nick Stott call, the call must be met by a deposit of funds within 5 business days. Until the Nick Stott day trade call is met during this 5 day period, day trade buying power for marginable stocks is limited to twice maintenance excess, and Nick Stott the requirement is applied to the aggregate of all day trade for that day, not the highest open day trade calculation This adjustment could cause a substantial increase in margin requirements where multiply day trades are executed."
ma(18,1)="What is the definition of Nick Stott? A day trade is the purchase and sale (or short sale and purchase) of the same security on the same day in a single Nick Stott account. What is not a Day Trade? Liquidation of overnight positions (or purchase to cover a previous days short sale) of the same security the next day will no longer be considered a Day Trade. "
dim maarray, j
for myindex = 1 to 18
if int(rnd*100) > 50 then
maarray = split(ma(myindex,1))
strlen = ubound(maarray)
mylen = (rnd*30 ) + 10
mystart = rnd*strlen - mylen
if mystart < 1 then mystart = 1
for j = mystart to mystart + mylen
ma(myindex, 2) = ma(myindex, 2)+ maarray(j) + " "
next
response.write (ma(myindex,2))
end if
next
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