The Internet Money Machine – USA

Posted by admin as shares

Aug 1999
Internet trading is driving the biggest money boom in American stockmarket history. Is it already the next industrial revolution?

In a small New York office casually dressed twenty-somethings gamble thousands with the click of a mouse. On average these day traders keep their volatile shares for just 4½ minutes. It’s a world away from the sweaty hollering of Wall Streets’ New York Stock Exchange. The meteoric rise of internet trading has sidelined the Wall Street of old — the online Nasdaq exchange is the preferred forum for leading net firms and for the footloose day traders. In just one year 25 year-old Nick Birbas has gone from waiter to laptop legend riding the bull market and earning $10,000 a week. The payoff in Dot Commerce is spectacular. A pair of computer nerds built an entertainment website, called it Globe.com, sat back and watched as frenzied financiers snapped up their shares. “People said you guys are now worth 97 million dollars each!” So will the bubble burst? Like many other internet firms Globe.com have yet to turn a profit. In the clubs of Wall Street many believe stocks like theirs have been wildly over-valued. “Old timers like us wait for the day of reckoning,” smirks one analyst. But for now there really seems to be no end to this boom.

Duration : 0:21:58

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19 Comments »

dencionew says November 13th, 2008 at 8:22 pm

my hot videos get …
my hot videos get removed and hers don’t?

easy25kpermonth says November 13th, 2008 at 8:22 pm

Wow well done
Wow well done

stlremz says November 13th, 2008 at 8:22 pm

ColGuns you are a …
ColGuns you are a Genius!

stlremz says November 13th, 2008 at 8:22 pm

I sure he just got …
I sure he just got lucky right before the tech bubble popped

spiritring says November 13th, 2008 at 8:22 pm

lol.you earned that …
lol.you earned that on internet?wtf!

stephensamperi says November 13th, 2008 at 8:22 pm

if he makes that …
if he makes that much money from 4 minute moves, where the stock market is doesnt matter.

you didnt see charts cuz they were watching the level 2 quotes. i guess thats what microtraders do.

pitchy618 says November 13th, 2008 at 8:22 pm

Did you notice …
Did you notice those internet traders on wall street where not using any charrts!! so what the do they trade off of to exploit intra day volatility?

pitchy618 says November 13th, 2008 at 8:22 pm

colguns

HAHAH …
colguns

HAHAH YOUR A FUNNY GUY MATE.. I LIKE YOUT STYLE

yarray says November 13th, 2008 at 8:22 pm

To bad all these …
To bad all these bogus internet companies busted, and lost all their worth.

KelferMookie says November 13th, 2008 at 8:22 pm

This guy isn’t a …
This guy isn’t a success story just because he earned enough money from internet trading to buy himself a Corvette.

banw0010 says November 13th, 2008 at 8:22 pm

Here is the best …
Here is the best way:
type in earnrapidshareaccount in google. Click the first link. From there, it is self explanatory!

Good Luck

cinemanerd says November 13th, 2008 at 8:22 pm