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Bob's summary is brilliant, one for
the business textbooks!
It's as if Omega suddenly got the internet religion,
and are shedding all their valuable worldly posessions.
The only problem is that, this particular space ship
launched for the heavens some years ago, and blew up
in flight.
What can they *possibly* be thinking??
-Tim
----- Original Message -----
From: "Bob Fulks" <bfulks@xxxxxxxxxxxx>
To: "Clyde Lee" <clydelee@xxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Friday, August 31, 2001 7:26 AM
Subject: Re: NeoTicker (was Re: EL to VB translator)
> At 9:34 PM -0500 8/30/01, Clyde Lee wrote:
>
> >Don't be in too big a hurry to scratch Omega/TRAD as I have yet to
> >find anything that allows me to develop ideas as easily as in
> >TradeStation.
>
> I agree. Too bad the supplier of the product is killing it.
>
> Picture this.
>
> You have a company that is selling a product that has turned out to
> be the industry standard for developing and testing trading systems
> and indicators.
>
> The original architecture of the product was very clever and was
> nearly perfectly matched with the customer's problem so it became the
> platform of choice over many years.
>
> In spite of totally abysmal quality control and horrendous customer
> service, you still have a virtual monopoly with no competitive
> product anywhere close to the same capabilities.
>
> There are thousands of programs available to customers written in
> your proprietary language that customers can easily get to experiment
> with.
>
> The market is growing since more and more people are understanding
> that the buy/hold mentality that worked for the past 20 years isn't
> working any more. They want more active management of their money and
> most now have personal computers.
>
> All brokers would love to be able to provide such a tool to their
> customers and would gladly provide an interface between such a tool
> and their order entry system.
>
> You would think that anybody who had such a company would "think he
> had died and gone to Heaven".
>
> But no. They decide to throw all that away and become an on-line
> broker, trying to compete with well funded giants such as Schwab,
> Fidelity, Ameritrade, etc., all of whom happen to be laying off
> people by the thousands.
>
> By deciding to compete, they cut off potential sales through all
> existing brokers who could have been a massive sales force promoting
> their product.
>
> By discontinuing to sell the product, they force all customers to
> start looking for another product - no one want to be stuck without
> support. This also cuts off the only existing source of revenue.
>
> This also sends a clear message to potential suppliers that the
> customer base is up for grabs so potential competitors redouble their
> efforts.
>
> Someone must have a death wish...
>
> TRAD stock is again near it's all time low of about $2.50 so the
> stockholders are voting - with their feet...
>
> But perhaps we are missing something and this is really a brilliant
> strategy in disguise...
>
> Bob Fulks
>
>
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