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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?


To: DOC HOLLIDAY who wrote (6128)4/11/1999 12:06:00 PM
From: Stock Watcher  Respond to of 52051
 
DOC; appreciate comments on RCCK, MORE & HITTS/agreed; charts go straight up; volume healthy for all three; like them too...regards, sw



To: DOC HOLLIDAY who wrote (6128)4/11/1999 12:07:00 PM
From: SteelerStu  Respond to of 52051
 
MORE -- that would be me DOC -- you are welcome MORE below

By: Dont6g0l2
Reply To #215 by Steeler
Sunday, 11 Apr 1999 at 11:57 AM EDT
Post # of 217

This is the fee schedule I was sent in correspondence with Sagamore
sometime ago. These figures may have changed a bit since then.
Remember this site will access the market directly. Most level II is really
just glorifed fast e-mail to a MM. With this you can access the market
directly. Also remember they are already on line and have customers
trading. Right now you access their site with a private IP they give you
using their software that they download to you. You need a very fast
system to use this effectively as they transmit a lot of data. Ideally you
should have enough computing power to watch 6 windows at the same
time. This allows you to track many things simultaneously and thus
guage the action effectively.

They say that in some cases you will want the IP instead of using your
browser as it is faster and you aren't at the mercy of your browser speed.

As you can see, the cost of their service, while not cheap is insignificant
to the potential gains a sophisticated system can provide. Serious traders
will make big gains with this system

Fee Schedule

Commission Rates

NASDAQ: $13.99 Per Trade

NYSE: $8.99 Per Trade

Additional ECN Fees

SelectNet: $2.80 Per Trade

SOES: $0.50 Per Trade

ISLAND: $1.00 Per Trade

Instinet (INCA): $0.015 Per Share

Bloomberg Tradebook (BTRD): $0.015 Per Share

Attain (ATTN): $0.015 Per Share

Terra Nova (TNTO): $0.015 Per Share

Spear Leeds (REDI): $0.015 Per Share

Brass System (BRUT): $4.00 Per Trade

Next Trade (NTRD): $0.015 Per Trade

STRK: $0.0066 Per Share

NYSE Daytrading

Above Commission Rate plus:

Market Orders: $0.01 Per Share

Limit Orders: $0.0175 Per Share

Use of Software / Quote Feed

$185.00 Per Month

Exchange Fees

NASDAQ Level I: $20.00 Per Month
NASDAQ Level II: $50.00 Per Month
New York Stock Exchange: $30.00 Per Month
American Stock Exchange: $35.00 Per Month
Options Price Reporting: $20.00 Per Month
Chicago Board of Trade
(Bond Futures): $15.00 Per Month

Chicago Mercantile
(S&P Futures): $15.00 Per Month

(Exchange fees and the use of software will be credited to those traders

who make 150+ trades per month)

Optional Services



To: DOC HOLLIDAY who wrote (6128)4/11/1999 1:34:00 PM
From: SteelerStu  Respond to of 52051
 
DOC -- check this info on MORE -- looks like they will be a reporting company soon enough .......

By: Dont6g0l2
Reply To: None
Sunday, 11 Apr 1999 at 12:56 PM EDT
Post # of 224

This is March 20 reply to an inquiry I sent them.

Sir,

We currently have appoximately 6.5 million shares outstanding and 2.3
million in the Float. We can not comment on the price of the stock other
than to say that we are currently buying shares back and have bought
approximately 40,000 shares this week.
As for cash in hand, we are currently a non-reporting company, we will be
reporting by the end of the second quarter and all of that information will
be available.

Sagamore Trading Group