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Dans un courrier daté du 10/10/98 02:31:55 ,Mark Jurik écrit :
<<
I still question the wisdom of their discontinuing TradeStation EOD. As
long as there is nothing offered by competitors to fill in the void, I
guess the plan to force customers to "buy up" works. However, nature
abhors a vacuum, as does the market. Sooner or later, competitors will
have products to satisfy the demand for a product in the $1000 price range.
>>
For the record, TS EOD has not been existing since the beginning.
The early versions of TradeStation had end of day capabilities, and the
offline version appeared several years afer the TS inception in Nov 1990.
My first copy was bought in 1991, and no offline version was available at this
time.
A I started to officially sell TS in 1994, I still have the sales record and
EOD version were available at this time.
I think that the EOD version appeared during year 1993, but not in 1992.
It was first intended to do backesting on a different machine that was not
running a realtime feed.
Remember that in 1992, we were running Windows 3.0, and not 3.1- less
unstable.
Maybe Omega targeted the EOD customers with the Offline version, but I do
not think so.
The official name was Offline version and not EOD version.
Later they changed the name from Offline to EOD (no change in the features).
Supercharts appeared in the meantime and was targeting EOD users.
They finally have considered that the EOD version was not interesting for them
( same support, same work , but half the price than the full version).So, they
discontinued the EOD version in January 1997, i.e far before the IPO.
<<
The trend is clear. For example, I was just informed that the next version
of MetaStock will have DLL capability. This will entice developers of
add-ins for Omega products to offer a similar line for MetaStock users,
making MetaStock even more desirable.
>>
Metastock has still a lot of work to do to become desirable.
The first thing being to remove their infamous pseudo language.
DLL features were interesting to the developer for several reasons wiithin TS:
-Overcome the 64 kb barrier
-Better protection that the EL passwod scheme.
-Run codes that are difficult to write in EL (maimly cycle analysis and AI
software).
TS5 will remove the need of the DLL for point 1 and 2. Only point 3 is the DLL
target.
Now, for Metastock, regarless to the pitfalls of their language, the point is
not so clear, but I'm not a Metastock specialist.
In any case; Metastock is not the royal path to complicated programming and
DLL calls, due to to the lack of flexibility.
<<
There's no turning back. By dropping TS EOD, Omega enjoyed a short term
income boost, but for the long term, it assured an increase in competing
products. Good for the public, bad for the stock.
>>
I do not believe this.
Omega told me that the EOD version was not selling a lot comparing to RT
version.
They even said that the country where EOD sales were of importance...was
France- a not so big country and a not so big market!
Omega stock dropped because the market dropped and because penny stocks are
more affected than blue chips in such cases.
People do arbitraging, and then price reflects it.
Sincerely,
-Pierre Orphelin
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