|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=windows-1252" http-equiv=Content-Type>
<META content="MSHTML 5.00.2614.3401" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV>Hi RT's,</DIV>
<DIV> </DIV>
<DIV>This morning on CNBC, Arch Crawford predicted a 1000 (yes 1000) point drop
in the market some time in the next two weeks. I don't follow astrology,
but do respect Mr. Crawford (and Norman). If a 1000 Dow points is about
equal to about 100 OEX points and the OEX at about 675, 100 points would take it
to 575. I checked a Sept 580 OEX Put, it is at 2.5. This surprised
the hell out of me since I expected it to be about 1/2. The Aug 580 Put is
at 3/16, but it expires on 8/20/99 and might expire before the predicted
move.</DIV>
<DIV> </DIV>
<DIV>Looks like someone is hedging or speculating on his prediction.</DIV>
<DIV> </DIV>
<DIV>
Good luck and good trading,</DIV>
<DIV> </DIV>
<DIV> Ray
Raffurty</DIV></BODY></HTML>
</x-html>From ???@??? Wed Aug 11 15:15:29 1999
Return-Path: <owner-realtraders@xxxxxxxxxxxx>
Received: from ml.nw.verio.net (ml.nw.verio.net [204.202.220.47])
by purebytes.com (8.8.7/8.8.7) with ESMTP id OAA00814
for <neal@xxxxxxxxxxxxx>; Wed, 11 Aug 1999 14:58:57 -0700
Received: (from majordom@xxxxxxxxx)
by ml.nw.verio.net (970819888) id NAA22195
for realtraders-sendemout; Wed, 11 Aug 1999 13:52:51 -0700 (PDT)
Received: from mail1.nwnet.net (mail1.nwnet.net [192.220.251.8])
by ml.nw.verio.net (970819888) with ESMTP id NAA22191
for <realtraders@xxxxxxxxxxxxxxx>; Wed, 11 Aug 1999 13:52:47 -0700 (PDT)
Received: from mail0.atl.bellsouth.net (mail0.atl.bellsouth.net [205.152.0.27])
by mail1.nwnet.net (970819888) with ESMTP id NAA12318
for <realtraders@xxxxxxxxxxxx>; Wed, 11 Aug 1999 13:52:45 -0700 (PDT)
Received: from oemcomputer (host-216-78-96-228.asm.bellsouth.net [216.78.96.228])
by mail0.atl.bellsouth.net (3.3.0/8.9.3) with SMTP id QAA12210
for <realtraders@xxxxxxxxxxxx>; Wed, 11 Aug 1999 16:51:01 -0400 (EDT)
Message-ID: <00a301bee43a$bdf8fc40$5c9efea9@xxxxxxxxxxx>
From: "comdytrd" <comdytrd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Subject: Re: FUT: Demise of Soes Trading Bucket Shops
Date: Wed, 11 Aug 1999 16:47:24 -0400
MIME-Version: 1.0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: 7bit
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 4.72.3155.0
X-MimeOLE: Produced By Microsoft MimeOLE V4.72.3155.0
Sender: owner-realtraders@xxxxxxxxxxxx
Precedence: bulk
Status:
SLK for one just pulled the plug on the practice of daytrading firms
loaning margin call money to traders (they did so by introducing and setting
up loan arrangements with investors...know as "guidos" ).
The end of the this arrangement (apparently illegal all along but never
enforced until the recent publicity) will stop these bucket shops from
extracting the net worths of undercapitalized "newbies".... Unfortunately
I've seen dozens of examples. One friend with a net worth of $5000 was
allowed to trade $500,000 worth of stock, generating massive commissions.
He is now debit and facing bankruptcy.
Many of you seem to abhor government regulation, but the lack of enforcement
of restrictions already on the books led in large part to the abuses we have
witness in the SOES/daytrading "industry" in my opinion.
Best,
Michael
|