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Evening Standard, London, Angus McCrone Column.

The Evening Standard (London, England)

| November 14, 2001 | COPYRIGHT 2001 Evening Standard. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Angus McCrone

Nov. 14--In the 1980s, captains of industry used to complain about "short-termism" in the City. That was in the days that short-termism meant hanging on to an investment for only a year or two. Nowadays, day-traders would laugh at that definition. There are several thousand private investors in Britain today who aim to book profits on share trades in hours, rather than a year -- not to mention the couple of decades favoured by American investment guru Warren Buffett, known as The Sage of Omaha.

Personally, I find it hard to get my brain round a time horizon of a few hours. Day-trading tends to be based on technical analysis rather than the fundamental considerations I favour. I prefer looking for moves over a few weeks.

However, the day-trading market exists -- and there is fierce competition between those financial providers who are at-tempting to address it.

Next week, bookmaker IFX plans to introduce daily spread betting on the top 100 stocks in Britain.

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