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I don't think so. I think that is per trade. In the beginning I was paying
15.99 plus any exchange fees and additions for high volumes. The call in
price for an order is over $30 so it all averaged out. now that I am over
100 trades per month the fees are$10 plus other fees. I would say my average
trade is $12.
Jim Bronke
Phoenix, AZ
----- Original Message -----
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
To: "Jim Bronke" <jvbronke@xxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Wednesday, March 27, 2002 1:35 PM
Subject: RE: TRAD Stock Slides further
: 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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