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Re: My personal Commodity Brokerage Opinions



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Simon- I have heard that PMB is not held on fast-market orders or if their
system goes
<BR>&nbsp; down. Have you looked into that E-futures system? [www.tradeftg.com].&nbsp;
It doesn't go down. Also, the same outfit that operates that system;( FTG/RCG)
will let you call directly to the floor with a 25k account size.In addition,
be aware with First American, You're probably going through 2-3 desks before
your order gets placed.&nbsp;&nbsp; -Danny

<P>Simon Townshend wrote:
<BLOCKQUOTE TYPE=CITE>&nbsp;<FONT COLOR="#000000"><FONT SIZE=-1>Gary,</FONT></FONT>&nbsp;<FONT SIZE=-1>Thanks
for your insight.&nbsp; I have been using LeoWeb (also uses CUBS) for ages
now but the breakdowns are getting so frequent that I need to go elsewhere.&nbsp;
During my time with LeoWeb the number of users has grown enormously and
the guys with the terminals are swamped (there are only 2 terminals too).&nbsp;
This will get worse and fills will suffer.</FONT>&nbsp;<FONT SIZE=-1>I
would be very interested to hear how PMB goes as they are at the top of
my "to investigate" list.</FONT>&nbsp;<FONT SIZE=-1>Thanks and regards</FONT>&nbsp;<FONT SIZE=-1>Simon</FONT>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px"><B><FONT FACE="Arial"><FONT SIZE=-1>-----Original
Message-----</FONT></FONT></B>
<BR><FONT FACE="Arial"><FONT SIZE=-1><B>From: </B>Gary Kramer &lt;gmkramer@xxxxxxxxxxxx></FONT></FONT>
<BR><FONT FACE="Arial"><FONT SIZE=-1><B>To: </B>RealTraders Discussion
Group &lt;realtraders@xxxxxxxxxxxxxx></FONT></FONT>
<BR><FONT FACE="Arial"><FONT SIZE=-1><B>Date: </B>24 September 1998 16:02</FONT></FONT>
<BR><FONT FACE="Arial"><FONT SIZE=-1><B>Subject: </B>My personal Commodity
Brokerage Opinions</FONT></FONT><FONT SIZE=-1>I started daytrading Spoos
full time about 2 months ago and am going onto my third brokerage firm.&nbsp;
Here are my comments:</FONT>&nbsp;<FONT SIZE=-1>1st - futures Online was
terrible!!!&nbsp; The CUBS unit was always down, fill reporting was very
slow, I never received confirmation that a cancel/replace was done and
got picked off.&nbsp; recommendation:&nbsp; Dont trade through internet
via Cubs if you are daytrading.</FONT>&nbsp;<FONT COLOR="#000000"><FONT SIZE=-1>2nd
- saul Stone has very knowledgeable order desk and fills were excellent.&nbsp;
I opened the account with $25 K (their minimum for Spoos) and after taking
some cash out and suffering some losses, the account was about $15K, still
sufficient to day trade according to currrent margin requirements.&nbsp;
I got a call this past Monday about 1/2 hour before the market opened telling
me that an internal policy now required the account to be at a $25K minimum
per contract!&nbsp; I wired in funds that afternoon and the next morning
they did not show a record.&nbsp; Only after a couple of hours and missed
trading opportunities did they then show the wire in.&nbsp; Today the account
is being closed!</FONT></FONT>&nbsp;<FONT COLOR="#000000"><FONT SIZE=-1>I
am going to try PMB and their online brokerage.&nbsp; It appears to be
completely different from Cubs exectution.&nbsp; As a standbuy, I am opening
an account at First American.&nbsp; They appear to have a top notch operation
but I am inclined to try out PMB first.</FONT></FONT>&nbsp;<FONT COLOR="#000000"><FONT SIZE=-1>I
will keep you all posted!</FONT></FONT>&nbsp;<FONT COLOR="#000000"><FONT SIZE=-1>Gary</FONT></FONT></BLOCKQUOTE>
</BLOCKQUOTE>
&nbsp;
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Subject: Re: Sore Thumb divergence in the Dow
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In a message dated 98-09-25 02:31:26 EDT, brente@xxxxxxxxxxxx writes:

<< Yesterday we had a sore thumb divergence in the Dow off the recent high. We
 go down some more now I think.  >>

Dear Brente:

I would be grateful if you would briefly explain what is a "sore thumb
divergence",
I am not familiar with this term.

Much gratitude,

Pompatis