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Strategies & Market Trends : SOES Trading -- Ignore unavailable to you. Want to Upgrade?

To: mark mallen who wrote (994)	11/8/1997 6:14:00 PM
From: TFF	Read Replies (2) \| Respond to of 1618

are you trading from home? what data/broker do you use?

To: mark mallen who wrote (994)	11/9/1997 9:19:00 PM
From: Joseph Francis Torti	Read Replies (2) \| Respond to of 1618

Mark, what you are saying is true. Your better owning both side of the trade this way you eliminate the time to buy it or short it when it's running on you already. Owning both side of it and you save 1/8 to 1/2 because you are already in the stock long and short because you know if a stock is up 3 point or more a day it will come down a little and stay down or go back up again this way you will make money easier this way. Do you understand what I'am trying to say here? An Good example would be this American on -line which I think is grossly overvalued I would short it long term and if I am wrong daytrade it for the upward movement. This way I would make money on the upside but I know I would be losing on the short side but long term this stock will see $60.00 or even $40.00 in my opinion and I would hedge my losses by day trading it upward if I'm wrong. Does this make sense to you? Joe

To: mark mallen who wrote (994)	11/10/1997 4:25:00 PM
From: Mark Davis	Read Replies (2) \| Respond to of 1618

You are correct about trading for 1/8's and waiting for the strong moves. Problem is , the greedy bas*ards that run SOES rooms are all over you if you're not producing ticket income for them. Basically, the SOES game is a scheme to make BLOCK, ALLTECH, et al, rich while you take all the risk. I have seen GREAT traders make lots of money at these offices, but the average guy is not GREAT. The ticket charges are onerous at 40-50 a trade (in & out) and the SOES brokers really don't deserve that much of a fee. Add in another $15 per side if you use Instinet(INCA) and you're talking up to $70 to get in and out. Lot's of people making SURE money off you, while you struggle to eke out a living, or maybe cut your losses. Good luck!