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<DIV><FONT color=#000000 size=2>Yes. I have a comment to make on UPS and
Traders Press. Some time ago I ordered a book from TP(Traders Press) and
'asked' to have it sent air mail to Canada. TP however sent it via
UPS. The reason for this was that they thought that they were doing me a
favour. Anyway on a certain Friday UPS decided to deliver the package to
me. There is no one home throughout the day. BTW UPS makes 3
attempts at delivery. If by the 3rd attempt there is no one to receive the
parcel then it gets returned to sender. Anyway there first delivery
attempt was made at 12:25 p.m. No one was at home but they tried again at
5:56 p.m. Still no one at home. THEIR 3rd ATTEMPT WAS MADE AT 5:57
P.M.! One minute after their second attempt. I know because I
tracked my parcel on their web-page. By the time I got home Friday I had
checked their Web Site and found that my parcel was on its way back to TP!
I contacted TP and let them know what had happened and that I specified that the
parcel was supposed to be sent via air mail. Of course this was the fault
of UPS but TP should have followed instructions. I told TP to send me the
book immediately by overnight Federal Express and that they will have to pay the
charges. You know what they did? They sent it by overnight Federal
Express with no hassle at all! They're pretty good down there. UPS
however has at least one wing nut of a driver although management is responsible
for hiring these types of people or not giving them adequate training etc
</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>mpspencer@xxxxxxxxxxxxxx
<<A
href="mailto:mpspencer@xxxxxxxxxxxxxx";>mpspencer@xxxxxxxxxxxxxx</A>><BR><B>To:
</B><A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>
<<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Saturday, November 27, 1999 6:38 PM<BR><B>Subject: </B>[realtraders]
BEWARE: buy.com {01}<BR><BR></DIV></FONT>
<DIV><FONT size=2>
<P>RTers,</P>
<P>While we’re talking about book vendors, allow me to share my own
experience with one in particular, in hope of helping others avoid the same
fate, and also depriving the guilty party of deriving the same financial
gratification.</P>
<P>In a nutshell: If you do business with </FONT><A
href="http://www.buybooks.com/";><FONT
size=2>www.buybooks.com</FONT></A><FONT size=2> , you’re asking for a
frustrating experience. Their advertised prices appear to be the lowest;
however, both Traders Library (</FONT><A
href="http://www.traderslibrary.com/";><FONT
size=2>www.traderslibrary.com</FONT></A><FONT size=2>) & Traders Press
(</FONT><A href="http://www.traderspressbookstore.com/";><FONT
size=2>www.traderspressbookstore.com</FONT></A><FONT size=2>) <I>will match
any price on the net</I>, with far superior service.</P>
<P>The details, for those interested: Earlier this year on this forum,
buybooks.com was recommended as a good cut rate source for trading books
– and it was. I ordered on several different occasions, and had little
to complain about. Recently, I ordered again – on Friday at mid day.
The book was in stock. Admittedly it was a holiday weekend, but, after a
substantial delay I was told that the book had not shipped until the
following <I>Wednesday</I>. In order to get this news, I was forced to wade
through what is now commonly known as "voice mail hell",
navigating through multiple levels of recordings and a forced to listen to
and choose from total of <I>15 options. </I>Furthermore, I was informed that
the book was shipped parcel post. The USPS does a great job with letters,
usually, but they are one of the slowest in the known universe when it comes
to packages. Additionally, there was no way to trace the package. After
further delay, and several more inescapable trips through the voice mail
maze, I requested that the package be considered lost, and my credit card
account be credited. This would require "approval", I was
informed, and to call back again in a few days for the decision – and
no, there was no way around the voice mail guard at the door. All of this
nonsense went on, becoming more and more Byzantine, until the book finally
arrived, almost 4 weeks (and literally hours on the phone) after it was
ordered. When I requested (at the cost of another descent into voice mail
hell) the email address of someone at the VP level, who might be interested
in why their company was losing a proven customer, I was informed that these
addresses are proprietary, unavailable to the mere mortal, and that I should
forward my comments to the same customer service department that had been so
very helpful in straightening out the above mess. I can just see it now
– the whole gang sitting around laughing so hard that they pee their
collective pants as they read the above account and hit the delete key.</P>
<P>Anyhow, more recently, I was in the market for another book. Buybooks
once again had the best price. This time I called Traders Press, got a real
person on the phone in 2 rings, and had the Buybooks price matched in a few
minutes. In point of comparison, Traders Press also screwed up my order, and
neglected to ship it out promptly. When I called, again getting a real
person within a few rings, they agreed to ship it </P>
<P>DHL overnight at no additional expense to me. End of story. Everbody
makes mistakes – it’s how you handle them.</P>
<P>Who would you do business with next time?</P>
<P>In conclusion: Sorry for the rambling nature of the above account, but I
will probably reuse it in a snail mail communication to Buybooks, internet
business rating sights, and other egroups. As a good net citizen, I feel it
is our responsibility, now that we have this incredible communication tool
and leveling device called the internet, to invest a little our time to give
our colleagues the benefit of our experiences. Furthermore, companies like
Buybooks have too long had the ability to behave as they have above, knowing
that they may have pissed off a single customer, but the cost benefits of
dehumanizing the rest of their customers, those who will put up with the
nonsense, more than make up for the loss. I would personally like to do my
own litlle part in seeing that these types of companies, who hide behind a
barrier of electronic isolation, be driven toward extinction by the very
same technology.</P>
<P>Best regards,</P>
<P>Michael Spencer</P>
<P>P.S. I think it would be a nice touch if Buybooks received a few emails
from folks not ordering from them. The only email address I can get from
them is </FONT><A href="mailto:peterh@xxxxxxx";><FONT
size=2>peterh@xxxxxxx</FONT></A><B><FONT size=2>. </B>Please feel free to
snip from the above info if you like.</P></FONT><FONT size=1>
<P> </P></FONT><FONT size=2>
<P> </P>
<P> </P>
<P> </P></FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sun Nov 28 13:30:23 1999
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Date: Sun, 28 Nov 1999 15:18:43 -0600
From: "Mark Brown" <markbrown@xxxxxxxxxxxxx>
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Subject: [realtraders] Cappello Strangles {05}
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Status:
Hello Dr.,
Sunday, November 28, 1999, 5:13:55 AM, you wrote:
DJC> To List:
DJC> I do not post to create anymosity and dislike being side tracked.I believe I
DJC> posted the numbers I suggest and the logic behind them.It is not perfect but
DJC> workability is the goal.
DJC> More importantly I am prepared to post what could be a most excellent trade
DJC> along with the logic.One can sell a naked Feb. 1220 put at a price I was
DJC> given based upon Fri. close for 11.75.Suppose it is only 11.0 then the
DJC> premium would be $2750.To hit that number the S&P would have to close 15%
DJC> below current levels in Feb.,something that I do not believe has happened in
DJC> 5 years.It has penetrated but not closed below according to data given me.
DJC> Likewise,if you got cold feet you could buy the put if it hit 1245 for
DJC> pretty close to your premium or a slight loss based upon current price
DJC> action which I know is subject to change but is at least a hardcore number.
DJC> Everything is risk/reward and in the final analysis would it really be so
DJC> bad to be long at 1220 if you got executed.
DJC> This is a new area of study for me and I apologize if I offend those who
DJC> know more than I do.I still expect something to come of it.
DJC> Sincerely,
DJC> John
>>From: "hans esser" <he96@xxxxxxxxxxxxxx>
>>Reply-To: he96@xxxxxxxxxxxxxx
>>To: <realtraders@xxxxxxxxxxxxxxx>
>>Subject: [realtraders] Cappello Strangles {03}
>>Date: Sun, 28 Nov 1999 15:02:36 +0100
>>
>>
>>"Norman E. Phair" <ericrogers@xxxxxxxxxxxxx> wrote:
>> > Hans:
>> >
>> > You said to John:
>> >
>> > > There is enough software outta
>> > > there who does some nice graph - if you provide those numbers I have a
>> > > look.
>> > >
>> >
>> > John no doubt spend a lot of time researching the
>> > information to give us the idea.
>> > Now you want him to spend more time to provide you
>> > the numbers and you will be
>> > so kind as to "have a look."
>>
>>As he created the idea - he MUST have the numbers and as HE wanted
>>
>>""Comments?..Suggestions?..Critique?..Help?..""
>>
>>how could we give it MORE precise as with HIS numbers ??? whats the point
>>of each and everyone uses their own DIFFERENT numbers ?
>>
>> > Isn't that nice of you.
>> > Why do you not get off your ____
>> > ____ and do some work on your own. Were you born with
>> > a silver spoon in your mouth?
>> > The next thing, you will ask him to place the order for
>> > you. Or maybe he will be willing
>> > to do the spread in his own account and send you the
>> > profit.
>>
>>...bla bla bla bla - very efficient comment
>>
>> > I and a lot of other people on
>> > here I am sure are grateful to John for his ideas.
>>
>>GOOD and I wanted to send some Probabilty charts with HIS numbers so all
>>can learn and we can all discuss the SAME THING and not everyone uses his
>>own price assumptions
>>
>> > Take the information and do the research yourself,
>>
>>GIVE ME THE NUMBERS and I do it - I havent asked for anything else..
>>
>>As GARY FUNKS very interesting post showed there is a big difference in
>>price each day and in volatility - so anyone taking his OWN number and
>>answer johns post will be just a big generalisation.
>>
>>Why havent you answered to JOHNs mail if you know it all ? Only thing you
>>do
>>is attack someone who is interested and want to discuss the issue after
>>JOHN
>>posted the thing a second time as YOU didnt provide the answer in the
>>first
>>place.
>>
>>I arrived at this list just 1 week ago and didnt know that I have to send
>>my mail
>>to you first for EDITING - THANKS
>>
>>rgds hans
>>
>>
>> > if you like the results step up to the plate.
>> >
>> > Norman E.
>>
>>
>>
>>
>>
>>
>> > "Dr. John Cappello" wrote:
>> > >
>> > > I am going to try to stir interest in this one more time.I have been
>> > > studying this and hate failure.In my pursuit I have not come across
>>this
>> > > method which concivably could work 9 of 10 times.In examination you
>>will
>> > > see price is set 7% from upper and lower limits penetration that may
>> > > only happen 1 or 2 times per year.Assuming the worst [$1500 premium X
>>10
>> > > wins = $15,000 - protection cost - premium or $3500 -$1500 [2 X
>>$2000]=
>> > > $11,000 profit per Strangle per year.My estimate is $7500 per Strangle
>> > > could make this lucrative.
>> > > > >
>> > > > > I think Strangles are doable if:
>> > > > >
>> > > > > 1.You can sell a 1510 call at a decent price.
>> > > > >
>> > > > > 2.Sell a 1320 put at a decent price.
>> > > > >
>> > > > > Protect the position by buying a 1510 call if S&P
>> > > > > hits 1485 and buying a 1320 put if S&P hits 1345.
>> > > > >
>> > > > > Comments?..Suggestions?..Critique?..Help?..
>> > > > >
>> > > > > Thanks,
>> > > > >
>> > > > > John
>> > >
>> > > ______________________________________________________
>> > > Get Your Private, Free Email at http://www.hotmail.com
>> >
>> >
>>
>>
>>
>>
DJC> ______________________________________________________
DJC> Get Your Private, Free Email at http://www.hotmail.com
I'll take that trade! I like it. I have an old study I haven't kept it
up but here it is. http://24.7.24.185:5083/bands2.htm What do you
think the largest move has been option expiration to option
expiration? Up or Down? It's up 15% and down has only been 9%.
--
Best regards,
Mark Brown mailto:markbrown@xxxxxxxxxxxxx
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