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In the days before discount brokers & cheap online trading, the 2% (or so) commissions acted like a damper, preventing people from "day trading". Investors had to hold a stock, until it went up more than the 4% (buy & sell commissions), for the investor to break even on it.
Now cheap online trading seems to be encouraging people back into day- and other short-term trading, causing much larger swings in the market. Last week, Apple went from from it's 2/14 close of $508, to about $524 midday on 2/15, before plumetting down to $505 about an hour later.
Do you think that there should be a minimum time period to own stocks, before they can be sold .. even something like 48 hours .. to minimize this "pump & dump" game?