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MICHAEL STEWART wrote:
> Does anyone receive the internet squawk for the S&P ?
I do, for both S&P and Bonds.
> If so do you find it
> reliable
It works for me probably around 95% of the time. The rest of the time, it
mysteriously goes silent then later resumes, sometimes in a second or two, less
frequently in a minute or so.
> and or useful?
I believe so, but I haven't found great use for it. Somewhat to my surprise, I
find that it and my datastream (BMI satellite) are remarkably synchronous.
Remember, however, that the squawk gives bids and offers (not closes) while the
datastream gives closes (not bids and offers) - so one can't compare exactly.
I just haven't found the datastream to lag as others have - what I've read in
vaarious posts by others is an occasional lag (in a fast market) of 20,30,...60
seconds. The most lag I've seen is a second or two.
One benefit of the squawk is that they routinely comment on the players and the
size. So when Dean Witter steps in to buy 1000 cars, as they did today, that's
broadcast. Similarly, when the only trading is by the locals and doing ones
and twos, that too is broadcast. Much of this, in my opinion, can be inferred
straight off the price chart, but with the squawk, there is no doubt.
I have yet to hear anyone for whom the squawk made a quantum jump in their
profitablility. It hasn't mine - yet, I continue to take it and believe that
it is worth it's cost, $100/month, billed quarterly. If there is one or more
of you out there for whom the squawk has made all the difference in the world,
I sure would like to hear how it's helped --- maybe I just don't know how to
take proper advantage of it. In which case, I would very much like to learn.
Sincerely,
Richard Josslin
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