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At 11:22 PM 2/24/98, sptradr@xxxxxxxxx - Tom Haas wrote:
>Hold on Tom...I see where you're going with this. TS is a tool for
>developing systems, not a system in and of itself. You're thinking, well
>Bill Cruz doesn't trade, and he developed TS, so how can I buy software
>from a non-trader?
>Tony Haas
Wrong Tony. Bill and Ralph are excellent traders.
They timed their OMGA IPO for September 30th, just prior to the best
documented, well-known, most bearish, recurring, seasonal stock market
pattern in US stock market history.
Also, they timed their OMGA IPO right near what had to be the 'TOP of the
longest BULL market in US stock market history'.
In addition, they had the issue priced by a senior, prestigious, well
insured investment banker, at 'the top of the spectrum of most plausible
price earnings multiples', at about +or- '60 times', just as near term
quarterly profits peaked!
They knew TS 5.0 would be a while, so they hedged their bets. Pulled the
cash out of the private company concurrent with the IPO, cleared the bank
debts, paid out the personal dividend and pocketed the fruits of 'YEARS of
hard work'.
All while retaining a complete lock on control of the resulting public company.
Two young classical violinists, turned financial software mogals, cashing in
early on the worldwide MS Windows software phenomena, along with Bill G.
Immigrants in America, cashing in on the American dream.
They deserve a little more respect then they have gotten here, for sure.
It's naive to say they don't trade, and that they are 'non-traders'. We
should all be so lucky, and so skillful.
regards,
Michael Paauwe
mpaauwe@xxxxxxxxxx
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