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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: If only I'd held who wrote (30654)4/16/1999 10:25:00 AM
From: Barronio  Read Replies (1) | Respond to of 122087
 
Well then how come Tony posts that he has already bought the stock??

On the contrary, he has said repeatedly that when he posts an "official" pick he has yet to trade.



To: If only I'd held who wrote (30654)4/16/1999 10:30:00 AM
From: Force Majeure  Read Replies (1) | Respond to of 122087
 
According to Tony, he posts before he trades. This isn't the only example, go back and do a search.

Cheers,

FM
~~~~~~~~~~

To: Lucky888 (29293 )
From: Anthony@Pacific Monday, Apr 12 1999 11:37AM ET
Reply # of 30661

I post before I trade..and on this one I held backj and watched and decided aghainst it..Asensio..finally picked one that could eat his lunch.




To: If only I'd held who wrote (30654)4/16/1999 10:31:00 AM
From: J.Y. Wang  Read Replies (1) | Respond to of 122087
 
Gentlemen:

I am a very objective person. I am also very skeptical and cynical because I did pure sales for a few years -- I know all the tricks and the BS because I was not only the best at it but I trained my employees in it. I have a BS in elec. eng. and an MBA so I am also well trained in math, statistics, etc. so, again, I am pretty good at catching bullsh*t.

I will say this about Tony: I absolutely respect his ability at picking stocks. I have watched and followed his picks for a few months now, and his accuracy is very impressive. I would say from what I have seen here, his accuracy is above 85%. If you know how to control losses, you can make a killing in the stock market by being right just 60% of the time.

However, "if only I'd held" has a very valid point, and everyone here should at least think about what he's saying. Never follow anything blindly. Question everything and everyone.



To: If only I'd held who wrote (30654)4/16/1999 10:35:00 AM
From: Mama Bear  Read Replies (1) | Respond to of 122087
 
" but are you telling me that Tony makes the call and then does the trade. Nonsense."

That's what Tony tells us he does. I'd suggest that you wait until he gets back and ask him about it.

Barb



To: If only I'd held who wrote (30654)4/16/1999 10:48:00 AM
From: who cares?  Respond to of 122087
 
wavplace.com

CMB



To: If only I'd held who wrote (30654)4/16/1999 10:50:00 AM
From: R. L. Chapin  Respond to of 122087
 
Before too many accusations or almost harsh words start flying around maybe I can enlighten some folks as to what actually occurs behind a trading desk. First of all, it is entirely possible for Tony to have better executions than us because of the nature of his relationship directly with the market makers. Because of the size and frequency of his trades, the trading desk may be willing to forego trading profits in order to give Tony efficient executions. By trading outside the U.S. Tony does not need to wait for upticks or follow any of the constraints that that hinder us. As far as our executions, when you place a limit to purchase at 5 1/2, do you really believe that that is the price the trader paid for the stock???? NO WAY. The trader knows that if you place a limit order, he has discretion to fill your order (remember, market orders take precedence over limits). More often than not, they will wait until such time that they can buy your stock cheaper than your limit (or sell if that's the case). That is how market makers are able to pay brokerage houses for order flow... they are raping you in the spread. You think E*Turd makes all of its money from commissions...?? C'mon, they direct your order to market makers who rebate them for directing transactions their way. That would be my analysis as to why Tony might have the ability to obtain better executions.