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By calculation, they are getting $23 per trade !!!!
wow....
or is that per roundtrip ?
> -----Original Message-----
> From: Jim Bronke [mailto:jvbronke@xxxxxxx]
> Sent: Wednesday, March 27, 2002 1:23 PM
> To: The Funkhousers
> Cc: TFutures@xxxxxxx; omega-list@xxxxxxxxxx
> Subject: Re: TRAD Stock Slides further
>
>
> I think the following data is what is going to make for their success
> ultimately. There will always be insider trades where someone exits.
>
>
> Company's 2001 Year-End Cash and Cash Equivalents Are $20 Million
>
> TradeStation Group had cash and cash equivalents of $20.0 million at
> December 31, 2001, as compared to $18.4 million at December 31, 2000,
> approximately $3.6 million of which is currently restricted. At
> December 31,
> 2001, the company had no borrowings other than $1.4 million of
> capital lease
> obligations.
>
> "We expect to have sufficient cash resources to complete the planned
> phase-out of our legacy software business and become a profitable
> direct-access online brokerage," said David Fleischman, Chief Financial
> Officer of TradeStation Group.
>
> TradeStation 6 Platform Attracts Significant Number of New
> Brokerage Clients
>
> At the end of the 2001 fourth quarter, the company had 2,127 funded
> TradeStation 6 equities and futures accounts, a 154% increase over the 836
> accounts the company had at the end of the 2001 third quarter, and the
> company experienced the following 2001 fourth quarter daily
> trading results
> with respect to TradeStation 6 platform equities accounts:
>
>
> Trading Statistics Q4 01 Q3 01 % Increase
> ------------------ ----- ----- ----------
>
> Average daily trade revenue $50,427 $20,486 146%
> Average daily revenue trades 2,177 684 218%
> Average daily share volume 2,590,000 873,000 197%
>
>
> "In spite of the continuation of a bear market and perhaps the
> worst growth
> statistics ever experienced by the online brokerage industry, we grew our
> new TradeStation 6 client base significantly in the 2001 fourth quarter,"
> said Bill Cruz, Co-Chairman and Co-CEO of TradeStation Group.
> "This growth,
> in these times, shows the immense drawing power and value of
> TradeStation 6
> to the active trader market."
>
> TradeStation 6 Platform Customer Account Metrics Among the Best in the
> Industry
>
> Brokerage clients using the TradeStation 6 platform generated the
> following
> customer account metrics in the 2001 fourth quarter:
>
>
> Customer Account Metrics
> ------------------------
>
> Annualized average revenue per account $11,031
> Annualized trades per account 476
> Average assets per account $91,262
>
>
>
> Jim Bronke
> Phoenix, AZ
>
>
>
> ----- Original Message -----
> From: "The Funkhousers" <funkhouser@xxxxxxxx>
> To: "Jim Bronke" <jvbronke@xxxxxxx>
> Cc: <TFutures@xxxxxxx>; <omega-list@xxxxxxxxxx>
> Sent: Wednesday, March 27, 2002 7:44 AM
> Subject: Re: TRAD Stock Slides further
>
>
> : They may survive, but I'd suggest tht you read their latest SEC
> filings at
> the
> : Edgar site.
> :
> : Richard Funkhouser
> :
> : Jim Bronke wrote:
> :
> : > I've already traded over 120 times with them this month and I
> feel that
> the
> : > service is good. They are showing increased sales due to their new
> customer
> : > base and I know of others who are signing up with them. It will just
> take
> : > some time for it to show some consistency and profitability. I believe
> that
> : > they have to be below $1 for six months to get delisted.
> : >
> : > Jim Bronke
> : > Phoenix, AZ
> : >
> : > ----- Original Message -----
> : > From: <TFutures@xxxxxxx>
> : > To: <omega-list@xxxxxxxxxx>
> : > Sent: Tuesday, March 26, 2002 5:31 PM
> : > Subject: TRAD Stock Slides further
> : >
> : > : TradeStation group stock looks ready to slide under the $1 mark and
> get
> : > : delisted. Looks like the #$%^'em and forget em approach is not
> working.
> : > :
> : > : I've spoken to people whom I think are very much in the
> know and they
> : > think
> : > : the TradeStation strategy of going to brokerage is gonna kill em. So
> far
> : > it
> : > : looks like there right.
> : > :
> :
> :
> :
>
>
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