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Technology Stocks : Omega Research (NASDAQ:OMGA)

OMGA 0.145

+641.5%

Feb 24 3:59 PM EST

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To: SEAN007 who wrote (240)	2/25/1999 7:33:00 PM
From: Never Hibernate	Read Replies (1) of 516

The CEO of our company gave OptionStation a try about one year ago - we both analyzed it and found little use for it - especially for $1700 plus quote feed fees. We returned it before the one month trial was up. It was good for doing implied volatilities - but not for $1700. It was a good search engine for option positions you may find optimal - but those positions are based on your assumptions being exactly right - which is never the case! Since your assumptions can't be perfect, finding precise positions with OptionStation is not too helpful - sort of like a science experiment that requires two pieces of data - one that has 2 significant digits and the other having 10 significant digits and using these two pieces of data to generate another result with 10 significant digits - in reality you can only get 2 significant digits because the weakest link is what you would use. In other words the weak link (which is you knowing exactly what will happen) makes OptionStation not worth the money. I hope the above made some sense... -NH

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