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Philip:
If you are using publicly available information to develop a piece of
software, there should be no legal problem with copyrights and patents.
However, if you buy this software and reverse engineer the program, then you
may be open to legal liabilities.
There was a discussion here, about a year ago, about these alleged super
dooper systems. The consensus was that most dont work at all or work
poorly. Anyway, if you had developed a super system, why would you want to
sell it for a few dollars?
Lionel
-----Original Message-----
From: Philip Schmitz <pschmi02@xxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Saturday, December 05, 1998 3:53 PM
Subject: Wanna "crack" a system??
A cyber-pal of mine recently told me he was
contemplating buying a “proprietary” trading
method (better known as a “black box”) called
“SimpleX Position Trading System” and sold by a
company called “Prime Line”
http://www.prime-line.com/
I checked out the website and discovered some
interesting things. First of all, this
“proprietary" system (with software and other
services) will set you back $995. Secondly, it is
described as combining certain elements in “a
ridiculously simple way”. My conclusion? If it
costs a $1,000 but its somehow ridiculously
simple, maybe it would be simply ridiculous to
part with a cool grand for something you can
figure out yourself.
At this point, I think you've either got the
message, or you're losing interest. If you've
lost interest, my sincere apologies for this long
post: hit “delete”.
But maybe you'd get a kick out of examining this
system in greater detail - using only the
materials posted publicly at the PrimeLine
website. It could be instructive and profitable.
We could thrash it out here on the list - the more
years of combined experience we can harness the
quicker we'll make progress - or perhaps there are
better internet solutions available for a project
of this kind.
Believe me. After looking at some of the sample
trades posted at the website, I don't think this
is an insurmountable object.
Whaddya think? Any potential legal issues here?
Best regards,
Philip
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