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<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Teo,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2> Thanks a lot. Yes, this quote was taken after hours. Can
someone explain, what is the reason of this?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Regards,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2> Ron Warshawsky</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3></FONT> </DIV>
<DIV><FONT size=3>----- Original Message ----- </FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:sky40912@xxxxxxxxx"; title=sky40912@xxxxxxxxx>Theo E.M.
Lockefeer</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, March 08, 2000 10:22
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Sell order placement
help</DIV>
<DIV><BR></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>Ron
:</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>How late did you
notice this : if it was after market (10:57)</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>this is often done by the
market maker i think : just to let you</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>know that the market
stopped for that quote that day.</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>I noticed this many times
(also in the early morning next day)</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>Do not let it mislead and
frighten you by this (strange ?) practice</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>Wait in the early morning
always when you see this until normal</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>quote changes take
place.</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080
face=Arial><STRONG><EM>Theo.</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>----- Original Message ----- </FONT>
<DIV><FONT face=Arial size=2>From: Daniel Martinez <<A
href="mailto:DanM@xxxxxxxxxx";>DanM@xxxxxxxxxx</A>></FONT></DIV>
<DIV><FONT face=Arial size=2>To: <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>></FONT></DIV>
<DIV><FONT face=Arial size=2>Sent: March 08, 2000 8:47 AM</FONT></DIV>
<DIV><FONT face=Arial size=2>Subject: Re: Sell order placement
help</FONT></DIV></DIV>
<DIV><BR></DIV><FONT face=Arial size=2>> Ron,<BR>> Sure, send me one
ticker. I'll take a look at it.<BR>> <BR>> Daniel.<BR>>
<BR>> <BR>> <BR>> Ron Warshawsky wrote:<BR>> <BR>> >
Daniel, I can send you the stock's ticker, so you can
check<BR>> > it. Looks like NASDAQ does not heard about SEC reform. I
have a<BR>> > wide list of such a stocks right in front of me. Thanks
for<BR>> > answering ----- Original Message -----<BR>> ><BR>>
> From: Daniel Martinez<BR>>
> To: <A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A><BR>>
> Sent: Tuesday, March 07, 2000 10:57
PM<BR>> > Subject: Re: Sell order
placement help<BR>> > Are you sure
your data is correct? The spread here<BR>>
> is 1 3/4. That's quite high. In
1997, before the<BR>> > market makers were
forced to reform by the SEC, such<BR>> >
spreads were common. Now it's fairly unusual.<BR>> ><BR>>
> You sell/buy by the bid/ask price.
The quoted<BR>> > price/high/low of the
day is sort of an average of<BR>> > the
bid/ask price.<BR>> ><BR>> >
Daniel.<BR>> ><BR>> ><BR>> >
Ron Warshawsky wrote:<BR>> ><BR>> > >
Symbol Bid Ask Last
Change High<BR>> > >
Low Volume<BR>>
> > STOCK 10 11 3/4 11 1/4 -1 13/16 13
11/32 10<BR>> > > 15/16
361,700<BR>> > ><BR>>
> > Dear list participants,<BR>>
> ><BR>> >
> As you can see, above stock has bid price (10),<BR>>
> > which is lower than the low<BR>>
> > price of the day (10 15/16). Can you please
advice<BR>> > > me, what stock order
must<BR>> > > be used in order to sell this
stock if price will<BR>> > > drop to 10 13/16
or lower,<BR>> > > but not at 10 (what market
sell order will do).<BR>> > ><BR>>
> > Regards and thanks a lot in advance.<BR>>
><BR>> <BR>> </FONT></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Wed Mar 08 19:01:32 2000
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From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: latest family e-mail
Date: Wed, 8 Mar 2000 18:14:46 -0800
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Status:
I'm trading with their money. :)
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Jim Greening
Sent: Wednesday, March 08, 2000 8:05 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: latest family e-mail
Guy,
Yes, but I'm running scared and your not <G>.
JimG
----- Original Message -----
From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, March 07, 2000 4:58 PM
Subject: RE: latest family e-mail
> JimG
>
> The longer I trade, the more I learn.
>
> With your methodology for selecting stocks and setting stops, even in a
down
> market, you have demonstrated the ability to make a silk purse out of a
> sow's ear. :)
>
> This is why it's such a great business. We can both be right!
>
> Guy
>
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of Jim Greening
> Sent: Tuesday, March 07, 2000 5:03 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: latest family e-mail
>
> Guy,
> It sure looks like you made a great call this time. As you said,
it's
> easy to understand how you're making money on this go around, but I'm
amazed
> that I'm still doing great on the long side with ARBA, CMRC, and QLGC and
> not bad with BBH, JDSU, and SDL. However, I am running scared and
> tightening my stops every night <G>.
>
> JimG
>
> ----- Original Message -----
> From: "Guy Tann" <grt@xxxxxxxxxxxx>
> To: "Metastock" <metastock@xxxxxxxxxxxxx>
> Sent: Monday, March 06, 2000 8:09 PM
> Subject: latest family e-mail
>
>
> > List,
> >
> > Here's our latest market e-mail to the family with a spreadsheet showing
> all
> > trades since we started sending this message out (October 11, 1999) to
> > family and a few associates of my brother (involved in his startup or
> other
> > business deals). What's interesting is that we can short the S&P
futures,
> > the DIA, SPY and the QQQ and make money on all of these positions, while
> > traders working with particular stocks can still make money while
trading
> > opposite our position. Right, JimG?
> >
> > Even though our initial margin is $4,688 per contract (for one S&P mini
> > contract), we maintain a balance of $14,064 per contract. We do this to
> > limit our Risk of Ruin to 0% as opposed to the 100% we used to run (and
> > proved right too many times). In order to calculate our "real" return,
> you
> > would have to assume an investment of $14,064 instead of $4,688. This
> would
> > give you a net return of 119% since October 11, 1999 (approximately 5
> > months). Again, this calculates out to be a 285.6% annual return on
> > investment, which isn't too shabby considering you have 2/3 of your
money
> > tied up in TBills. You should also add in any interest income on the
> > approximately $10,000 in excess margin in your account. I have decided
to
> > drop this from our calculations and consider it just gravy.
> >
> > Depending upon your own personal aversion to risk, you could
substantially
> > increase your annual return by reducing the balance you maintain per
> > contract. We have chosen to err on the side of caution and to maintain
a
> 0%
> > Risk of Ruin for our personal trading.
> >
> > Guy
> >
> >
> >
>
>
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