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To: voodooist who wrote (19556)3/11/1999 7:03:00 PM
From: hoffy  Respond to of 53068
 
EDUV. Last chance to get in tomorrow before the website opens on Monday. Stock price started to increase at the end of today. I heard the conference call after the bell today was very positive. Stock should climb tomorrow in anticipation of website on Monday. May be good long term but for now this is a short term play. Buy tomorrow and sell next week after the site is announced.
Good Luck



To: voodooist who wrote (19556)3/11/1999 7:31:00 PM
From: DanZ  Read Replies (1) | Respond to of 53068
 
Quote programs and GUMM.

Hi Fred,

I use DTN Online (http://www.dtniq.com) to get real time, automatically updating, quotes through the Internet. The speed problems that they had before haven't been an issue since they added more bandwidth about a month ago. I haven't noticed any slow downs at the open or close like you described with PC Quote, or throughout the day for that matter. I think they offer a free trial if you want to try it and they just recently added Level II to their product line.

I found a quote/trading program once while cruising the Internet that allows you to trade Nasdaq stocks off a Level II screen. You just clicked on the market maker that you wanted to trade with and then entered the number of shares and off it went. I don't remember the URL but this might be what Tom is referring to.

For those of you who are interested in GUMM but don't normally read the GUMM thread on SI, here is a link to a message that I posted there tonight. exchange2000.com

GUMM has spent the past several weeks basing at 10 and it looks like it might have finally started to move off the base today. It looked like it was going to break out about a week ago when it closed at 11 but it pulled back and tested the base again. It closed at 10 1/4 today on a late flurry of buying. I'm treating this stock as a position hold, and plan to maintain that strategy as long I like the chart.

I personally think that GumTech's first quarter revenue and earnings are going to be much more than many people expect. I have personally spoken to buyers and district managers at Albertsons and Eckerds and have a good idea how much Zicam GumTech will book this quarter. When you add in their gum business, which I believe is also doing very well with accelerating sales to Breath Asure and Heritage, my personal belief is that they are going to far exceed the first quarter estimate of 1 cent profit.

Luck to all,

Dan

PS to Tina: Welcome back! I hope you and hubby are doing well. It's good to see ya.



To: voodooist who wrote (19556)3/11/1999 9:15:00 PM
From: tom pope  Read Replies (2) | Respond to of 53068
 
Hi, Fred

Perhaps the best way to explain it is to describe what I do when I enter a trade thru Schwab, and when I enter one thru Realtick - which is just the trade name for the trading system.

1. SCHWAB : Call up the Schwab screen, enter user ID, password, and I usually go to "positions" to make sure I'm playing with the same deck Schwab is. Then I wait a minute for the page to load. Confirm we agree that my position and cash is what I think it is, go to order entry page. Wait another minute for the order entry page to load. Enter order, filling in four boxes, send order. Wait 30 seconds for the confirm order page to appear, push the confirm button.

After this, enter the black hole. It can take Schwab ten minutes to confirm an order that I know from watching the Realtick screen had to have been executed. I know it because I can see from Realtick that MASH (the acronym for Schwab's market maker) showed my order, often taking a minute or more after I entered it to represent it, and that in due course it disappeared, meaning it had filled.

Okay, now you finally get your confirm, after you've pushed the "change, cancel" button 5 or 6 times. 10 minutes later, you have another order you want to enter. But Schwab has dropped you, and you get a "disconnected" message and have to start the process all over again.

Maybe other online firms are different, but that's a fair description, I think, of the Schwab process. And please believe me, I think Schwab is a good firm.

2. Realtick.

At 8:00 A.M. est I logon by entering my password. I immediately have my watchlist page up and running, access to how much I have available to trade on and my current position. Instantly, once I've loaded the system and it has accepted me.

Now, let's assume there is news about ORCL, so I load a Time and Sales for ORCL, see that it's trading down a ton and tell myself (which BTW I probably won't) that ORCL will get a bounce. So I bring up a Level II screen for ORCL and enter an offer on an ECN to buy ORCL at 31 1/2. Maybe it gets filled, maybe it doesn't, but I have the ability to trade pre-market.

The trading day begins. I have my watchlist, and I can also have Level II screens for individual stocks that tell me how the market makers are bidding and offering. But let's just say I do it the lazy man's way and hit the bid button from my watchlist and edit the screen to buy 1000 ORCL at 32 on ISLD (an ECN), and afterwards create a level II screen to see how I'm doing. My bid is is already there (it takes 1/2 second on a bad day) if it's the inside bid. If it disappears I don't need a confirmation - I know I've been filled. But in any case the confirmation is immediate. If you put in a limit order at 9:30 and it fills at 3:00, you'll be informed - immediately.

The system stays with you all day - no drop-offs for inactivity. Also charting on demand with your indicators.

The key word is immediate. You know exactly where you are at all times.

Of course there's a downside - you can overtrade, so discipline becomes all the more important. The ability to become in effect a market maker can lead to hubris, and hubris is the best way to lose money. But it you can control it, it's the only way go.

BTW, I have no connection of any sort other than customer, with MBT or ABW.