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<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>JT <<A
href="mailto:admin@xxxxxxxxxxxxxxxx";>admin@xxxxxxxxxxxxxxxx</A>><BR><B>To:
</B>MWP <mwp@xxxxxxxxxx><BR><B>Date:
</B>Monday, December 08, 1997 3:11 PM<BR><B>Subject: </B>Re: Forex Trading - You
must be kidding !<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>We are interbank forex dealer - the deal stays
100K to open a non-discretionary account in London as is customary with the type
of high net-worth clientele that is trading these markets.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>We have no comment regarding the example you cited below. I
suggest you sign up with them.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>MWP <mwp@xxxxxxxxxx><BR><B>To:
</B>JT <<A
href="mailto:admin@xxxxxxxxxxxxxxxx";>admin@xxxxxxxxxxxxxxxx</A>><BR><B>Date:
</B>08 December 1997 19:18<BR><B>Subject: </B>Re: Forex Trading - You must
be kidding !<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>Hello</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>Do I hear you
correct? Are you asking for $100,000 to open an account?
</FONT></DIV>
<DIV><FONT size=2></FONT>
<P><B>Deal-Station - F/X </B><A name=Trading><B>Trading</B></A><B> On-line
System. Money Garden</B></P>
<P><B>The main feature</B> of Deal-station is the opportunity to
<B>trade</B> <B>Forex on-line</B> on a 24 hour a day basis. Money Garden
clearing service is one of the best in the world comparable to that
available to the largest institutional players. The 02-97 version is set up
to trade currencies in IMM compatible lot sizes.The upcoming version of
Deal-Station will also allow doing trading in USD terms. The order execution
time through Deal-Station 02-97 though varying depending on a trader's
location on the planet and the speed of his Internet connection is on
average 25-45 seconds when 28.8Mgz modem is used! The new push technologies
to be incorporated in the version 03-97 of Deal-Station will make the
execution time twice as fast. Right on his own screen a trader can order
either a price at the market or place a limit order, can specify both limit
and stop orders, can change those orders while already in the market, can
establish an alarm, can simultaneously continue to analyze the market, etc.
But apart from the obvious advantages of on-line trading as a service, the
terms of the trading service itself available to traders and investors is
one of a kind. <STRONG><U>First of all, they only need $1,000 to open an
account</U></STRONG>. The leverage they can enjoy in most of the cases is an
incredible 1 to 200. They receive a market spread of only 5 points, a
service previously unheard of unless you are an established institutional
player! </P>
<P>Trading on-line is being improved constantly: both the technological
aspect of it as well as its service side. An expansion of tradable
currencies, lowering the required minimums to open an account, extension of
trading hours to 7 days a week, are just some of the planned
improvements.</P></DIV>
<DIV><FONT color=#000000 size=2>Please comment on the above.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Dave Breeze</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original
Message-----</B><BR><B>From: </B>JT <<A
href="mailto:admin@xxxxxxxxxxxxxxxx";>admin@xxxxxxxxxxxxxxxx</A>><BR><B>To:
</B>MWP <<A
href="mailto:mwp@xxxxxxxxxx";>mwp@xxxxxxxxxx</A>><BR><B>Date:
</B>Saturday, December 06, 1997 11:29 AM<BR><B>Subject: </B>Re: Forex
Trading - You must be kidding !<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>Sir/Madam,</FONT> </DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>I would suggest you take up the offer
below without hesitating a second. . .</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV> </DIV>
<DIV><FONT size=2>How long have you been trading ?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Risk is ours ? You've got to be kidding !</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Please dont bother unless you are
serious about this and have disposable funds.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>$100'000 for a
interbank FX trading account (RISK IS YOURS)</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original
Message-----</B><BR><B>From: </B>MWP <<A
href="mailto:mwp@xxxxxxxxxx";>mwp@xxxxxxxxxx</A>><BR><B>To: </B><A
href="mailto:panam@xxxxxxxxxxxxxxxx";>panam@xxxxxxxxxxxxxxxx</A>
<<A
href="mailto:panam@xxxxxxxxxxxxxxxx";>panam@xxxxxxxxxxxxxxxx</A>><BR><B>Date:
</B>06 December 1997 06:44<BR><B>Subject: </B>Forex
Trading<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>Hello</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Please send me your information on
Forex trading.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>One company said they would lend me
the $,00 , interest free and if I was not profitable, I did not have
to repay the loan. </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Dave Breeze</FONT></DIV>
<DIV><FONT color=#000000 size=2>Cincinnati,
OH</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Dec 08 12:37:08 1997
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Date: Mon, 08 Dec 1997 15:19:34 -0500
Reply-To: rbarnes@xxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: Rob Barnes <rbarnes@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: STKS: Bid-Ask Volume
References: <01IQUUDURZ08004REQ@xxxxxxxxxxxxxxxxxxxxxx>
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Status: O
rjn7 wrote:
> Often a stock I am trading shows a bid volume of, say, 500 shares and an
> equal ask volume, 500 shares. That indicates to me that there are 500
> shares to sell at the bid and 500 at the ask, things are in balance, and
> there is no great likelihood of an immediate price move in either
> direction. Is that correct? What stumps me is when I see a bid 200 and ask
> 5000, or bid 2500 and ask 100. Do those sorts of imbalances indicate a
> potential price move, and in which direction?
>
Bob,
What's the difference between a trader and a prostitute?
- Prostitute doesn't run when she sees size.
Actuall Trades Count The Most
-------------------------------
To answer the question above, context is everything. It depends on what
the market did to achieve the quote. Even if it is a small offer it may
be quite bearish if it was the result of the bid getting hammered ex.
4700 wanted at say 1/2 and then offered at 1/2 X 300 because someone
sold 5000 shares @ 1/2. Also, small bids and offers are not as
important as the trading. Many traders working large orders will only
place their bids/offers on-the-board if they percieve it will trade
very shortly. An example of this would be a trader with 200,000 shares
of a stock to buy at 1/2. Not wanting to scare away sellers, he books
5000 on the bid at 1/2. His bid gets filled and he enters another 5m at
1/2. Instantly he gets whacked. He may then think that there is a
similarly large seller out there and enter say 50m to test out that
idea. Anyway, this whole process might not take more than a few minutes
and netheir the buyer or seller had a size order in until the last
moment. I know several traders who, being a seller, will place a large
limit buy order in the market inorder to get others to join or front
run their orders and then cancel their bid and immediatly sell all the
rest that was wanted to the me-too's. Once in awhile it backfires but
usually it works.
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