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<DIV><FONT color=#000000 face="Arial Rounded MT Bold">Report on PMB electronic
trading:</FONT></DIV>
<DIV><FONT color=#000000 face="Arial Rounded MT Bold"></FONT> </DIV>
<DIV><FONT color=#000000 face="Arial Rounded MT Bold">For those interested in
internet/electronic trading of futures, I can report that I have had very good
results using TimberHill through PMB. I have been day trading the S&P
with PMB for about 3 weeks now and am very pleased. The market order fills
are very fast, on the order of 10 seconds or so. The reports are back in
around 30 seconds most of the time. Reports on stop order are longer,
usually a couple of minutes. They have recently added "action
buttons" for market orders. These buttons allow you to program how
many contracts you wish your market orders to be for, once programmed, all you
have to do is hit one button to buy at market and another button to sell at
market. Reprogramming the buttons for different quantities of contracts
takes under a minute. Once programmed for a specific number of contracts, the
buttons maintain that quantity until reprogrammed or until you log off the
system at which time they reset to zero. These have proven to be a very
nice feature.</FONT></DIV>
<DIV><FONT color=#000000 face="Arial Rounded MT Bold"></FONT><FONT
face="Arial Rounded MT Bold">I would also add that the system has not been down
even once since I began using it three weeks ago.</FONT></DIV>
<DIV><FONT color=#000000 face="Arial Rounded MT Bold"></FONT> </DIV>
<DIV><FONT color=#000000 face="Arial Rounded MT Bold">This is my first
experience with electronic futures trading and it was a bit unnerving to not
speak with a person when I first began. I felt uneasy, wondering if my
orders had made it to the floor. Now that I am used to it, I think it is
very nice way to trade, especially short term intra day trades. Hope this
has been helpful to those contemplating electronic order placement.</FONT></DIV>
<DIV><FONT color=#000000 face="Arial Rounded MT Bold"></FONT> </DIV>
<DIV><FONT color=#000000 face="Arial Rounded MT Bold">All the Best!</FONT></DIV>
<DIV><FONT color=#000000 face="Arial Rounded MT Bold">Bill
Shumake</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed Nov 11 21:25:23 1998
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Date: Wed, 11 Nov 1998 22:16:29 -0700
Reply-To: fritz@xxxxxxxx
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From: "Gary Fritz" <fritz@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Meteor showers
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> According to several items I've seen, the meteor showers
> should begin approximately 1am EST on November 17 and last for
> only a day or so. Scientists believe that the most intense period
> will be between 1am and 5am and that the show will be spectacular
> for those who can stay awake and find a dark spot from which to
> watch.
>From what I've read, this storm could be spectacular -- but only if
you're in the area around Thailand, Malaysia, Hong Kong, maybe Japan.
Inner China should also be very good.
Why? The really incredibly huge storms associated with the 33-year
cycle of Leonid meteors tend to last only 1-2 hours. And the earth
is expected to hit it when North America is in daylight.
In North America and Europe we should still see some meteors, but it
won't be that much better than a regular Leonid year -- maybe 30-60
meteors an hour. Still probably worth getting up for, but nothing
like the 10k-100k/hour storm that's possible in the Far East.
> on November 17: TV, pagers, data feeds, phones, ???. Traders might
> want to consider exiting positions on the 16th, watching the big
> show at night, and taking the 17th off.
Not a bad idea. Who knows what satellites might get knocked out by
this, and how it could ripple? Take a day off and watch from the
sidelines, and jump back in when you're sure it's stable.
Gary
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