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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (8168)	5/2/2000 6:08:00 PM
From: TraderAlan	Respond to of 18137

Here's a guy turning lemons into lemonade ----------------------------------------- CBS.MW: The Nasdaq is down from its all-time high. How has that affected your decision-making processes as a venture capitalist? Anker: It doesn't really affect our decision-making process. The companies we invest in today will hopefully be trying to go public in the 2001 and 2002 time frame -- if not later. So we really can't base our decisions to invest today on today's market. Having said that, there are definitely a bunch of momentum investors who are "out of the market." If there are fewer people chasing every deal, then we have more time to actually investigate a company, spend time with the management team, make calls, etc. So the downturn in the market has allowed us more time for our process, which is great. cbs.marketwatch.com Alan

To: TraderAlan who wrote (8168)	5/2/2000 6:20:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 18137

Alan, how useful would it be to have a tool that would list the stocks on which the 100-monkey is: consistently bidding 100, consistently best bid, is the largest #best? For whatever that's worth, it would give you a list of stocks that the 100-monkey wants. (Or vice-versa for the sell side.) Is that something you could trade on? I have some software that I could easily modify to do that. I've written a version of my "scammer" software that receives a full L2 feed (that is, every L2 quote on every NASDAQ stock) from a RealTick III server. It implements proprietary trading criteria for a client of mine. I'm thinking-up other things that I can do with it. It could easily look for monkeys in trees. I guess I'd call this filter "monkey see, monkey do..." I'm certainly open to other possibilities as to what I can do with a real-time snapshot of L2 in memory. FWIW, following the 100-monkey was a good strategy on VGIN today, at least until the market fell apart...