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Strategies & Market Trends : Value Investing

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To: Honest Abe who wrote (3213)	2/12/1998 11:24:00 AM
From: Ron Bower	Read Replies (1) of 78568

Abe, What's an SOES broker? This guy has a fund of money to invest - I didn't get the amount but I'd presume at least $1M - and he collects 25% of profit he makes. The amount he has to work with depends on past success. Their computers have business news running across the screen and they look for stocks they think will move, try to get in and out for short term gains. He starts 2 hours before open and runs to market close. They have some kind of computer tie in that puts the orders to the floor immediately. He trades stock and options, only large cap issues. The company he works for owns the computers and funds the operation. He has a salary fund that he draws against but has to keep so much of it in the fund to hedge against losses. Ron

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