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-----Original Message-----
From: Patrick Slevin <pslevin@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, February 16, 1998 10:58 PM
Subject: Re: It's split and it's consequences
>Well thanks for the feedback, I suppose I was wondering out loud what
>others think.
>
>I just found it far more difficult to get meaningful motion. I remember
>when it was 450, years ago. I rarely traded it then either.
>
>I agree with John, however. This may be incorrect (although I doubt it),
>but I met up with Hank Camp (from http://www.programtrading.com/hlc.htm
>) this weekend and asked him the same question. His reply included a
>recollection of the XMI Index. Briefly, he said before it split there
>was significant volume. Afterwards it became very thin by comparison.
>
>As long as you are making money with it, Dick, then it may be just my
>style or my general impression; but as it stands currently and for the
>foreseeable future the index is no longer for me.
>
>--PJS
>
>Dick Byrd wrote:
>>
>> Patrick:
>> What difference does it make that the OEX split?? INTC
>> split, MSFT split, CPQ split, every stock worth a hoot
>> splits. So what if an index splits. Its all a fiction
>> anyway as to how the index is figured. If you can trade it
>> at 900, you can trade it at 450. I guess when it goes back
>> up to 900 you'll trade it again. Remember, it wasn't that
>> long ago that it was 450 BEFORE the split.
>>
>> Dick
>
I swithched to the SPX index. It has a good ride, and the volume is there,
although I trade 5 - 10 contracts.
Marcelo
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