Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.38

-0.2%

12:29 PM EST

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To: Uncle Frank who wrote (41885)	9/19/1999 10:57:00 PM
From: S100	Read Replies (1) of 152472

I have followed the exploits of Harvey Houtkin, the original SOES Bandit for several years. I have a copy of his "Secrets of the SOES BANDIT" which came out in 1999. He is the president of Attain (http://www.attain.com/). His recommendations: $150,000 is best, $100,000 is adequate and $50,000 the limiting minimum amount of capital. These sums are based on the availability of margin under Regulation T of the Federal Reserve Board( what ever that means). I take it to mean you margin to the max which is 50%. He recommends 1000 share DAET orders. Direct Access Electronic Trading (DAET) is the preferred term over SOES Bandit. After reading the book, I decided that the one making the money is the firm at $20 on each trade. He recommends that you make many trades to capture perhaps 2 points of a 4 point move. My impression was following his methods was an almost sure fire way to lose everything, which seems to be born out by current events.

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