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Hi Stan,
When I'm cutting/pasting the optionscope columns, I usually then hold
the control key down, select various columns (by clicking at the top)
then use the charting feature to attempt to make the net position
chart...I don't know if this is different than what your doing, but I've
had optionscope draw "impossible" P/L graphs that were clearly wrong,
since (for example)there was no point at which it was unprofitable <g>
(Oh, if it were only True !)
But the strange part was in substituting different premiums and
volatilities, after using the program for a couple of hours, and having
the top numbers (strike, stock price, date, etc.) suddenly change back
to an example I had previously used in that column, but had since
substituted new numbers......Hard to describe, because it was such "off
the wall" behavior from such a bare-bones program.
Other than the Metastock related hang ups, I've never had any problem
with other programs on my new system (except of course, when I decided
not to read the manual <g>) so I can't explain it other than through MS
difficulties........When I first got MS6, I called Equis tech support,
and while waiting online, I found a repeatable bug that GPFed the
program...They said they'd make a note, and try to fix it in an upcoming
version. MAN, I wish I had a dollar for every time I've heard that
phrase since ! <g>
Thanks,
Dick
P.S. I just ordered the $30 dollar- 1 month trial of Option Station....I
hope the program is as good as they say ! Let me know if you're
interested in my impressions.....maybe save yourself the 30..
Stan Rubenstein wrote:
>
> Thanks for your main comment. I'll look into it.
> For now let me comment re cut/paste and 48 RAM.
> I use WIN95 with an old Pentium 90 and 24 MB RAM.
> I have copied up to 12 columns of Optionscope calculations to the
> clipboard and then to Excel 97 without any problems.
> I use Excel to add in additional info such as Open Interest and Volume
> as well as additional calculations, e.g. daily variance from Implied
> volatility.
> Often when I do this I have Word97 open at the same time with 4 or 5
> documents live, as well as 2 or 3 open Excel spreadsheets.
> I've never had a resource problem when OptionScope was active but I have had
> system collapses (keyboard/mouse lockout, system suspended)from overloading
> my system with too many open files which required pulling the plug to
> shut down and re-boot. Even though I had open spreadsheets and open
> documents with un-saved data I was able to re-boot and Office97 recovered
> the open documents.
> Just thought I'd mention this favorable property of Office 97.
>
> FYI I also use the DOS based OPTIONVUE IV for more sophisticated Option
> evaluation and also because they supply a Background Data Base with
> historic volatilities.
>
> STAN
>
> At 10:49 AM 6/30/97 -0700, you wrote:
> >Hi Stan,
> >
> >The Optionscope seems to work alright for single put or call positions,
> >but if you graph (for example) a ratio backspread with a credit at the
> >opening, it doesn't show the credit. I'm reluctant to trust software
> >that doesn't work in SOME, but not OTHER situations.
> >
> >One thing you really have to watch out for with Optionscope greeks, is
> >your system resources..If you cut/paste to the columns, you can close
> >all the windows you want, and it's still going to give occassional bad
> >data migrating from OTHER positions that you have listed. (and
> >incidentally, I'm using a new pentium system with Win95 and 48meg ram,
> >so I don't believe it's hardware related)
> >
> >In other words, go ahead and USE Optionscope, but be very careful before
> >committing investment captial to the results !
> >
> >Dick
> >
> >
> >Stan Rubenstein wrote:
> >>
> >> Hello Dick,
> >> I use OptionScope for the calculations of the Greeks and not for the P/L
> graphs
> >> but on reading your note I checked one of my PUT positions and the P/L graph
> >> looks
> >> right to me. Although the graphs don't have grid lines to accurately verify
> >> but using eyeball approximation the P/L amounts, from the graph, were
> correct.
> >> Can you amplify on your comment re Option Scope so I can do a verification?
> >>
> >> I have used the Option Scope calculations extensively because the MS6 package
> >> is quick and easy and have verified the logic of the Greeks being calculated.
> >>
> >> Anyone else out there using Option Scope?
> >>
> >> Regards,
> >> STAN
> >>
> >> At 06:27 PM 6/28/97 -0700, you wrote:
> >> >Hi Dan,
> >> >
> >> >Go to www.dorseywright.com and click on the daily update (on the
> >> >homepage) or sign up for a free trial subscription. Then pull up any one
> >> >of the stock or index P&F charts, and compare to an MS6 rendering...
> >> >As James Cramer says, "WRONG !" <g>
> >> >
> >> >I guess it's wrong because MS doesn't distinguish between the .25, .5,
> >> >1, and 2 point boxes at different price levels, so when a stock goes
> >> >from under 5 or 10 to over 20, the base pattern is drawn wrong, so that
> >> >all the subsequent bullish/bearish/support/resistance lines will also be
> >> >wrong.
> >> >
> >> >As for trying to become an "industry standard" by licensing their file
> >> >formats.....well, for one thing, if you read TASC, Metastock has just
> >> >about NO support for 3rd party software vendors (it's mostly Trade
> >> >Station) and....
> >> >
> >> >Secondly, this same great strategy (of trying to force an entire
> >> >industry to proprietary standards) worked so well for Apple Computers
> >> >and IBM, hey.......why not Equis ? (geez)
> >> >
> >> >BTW, the included option scope doesn't draw P/L graphs correctly either.
> >> >
> >> >Dick
> >> >
> >> >P.S. That Technifilter Plus is the old one...Is anyone using the new one
> >> >yet ?
> >> >
> >> >DanMartinz@xxxxxxx wrote:
> >> >>
> >> >> Dick,
> >> >>
> >> >> << I found out too late that the point and figure charting is drawn
> >> >> COMPLETELY wrong (in comparison to the Dorsey-Wright-Chartcraft
> >> >> equivalents)>>
> >> >>
> >> >> In what way is it wrong? This is so basic, I don't know how any
> company can
> >> >> botch this.
> >> >>
> >> >> << and even the Win95 interface is botched ! You can't just bring
> the chart
> >> >> window forward by clicking on it..You have to close everything first,
> and on
> >> >> and on and on >>
> >> >>
> >> >> I'm not sure which "chart window" you mean. If you have many
> different and
> >> >> separate stock price charts, all you do is click on "Window" on the top
> >> >> taskbar, and choose the chart you want. If you have one chart with many
> >> >> inner "windows", you click on the little button in the upper right
> corner of
> >> >> the inner window, second from right, to expand the inner window to full
> >> >> window.
> >> >>
> >> >> << It's a resource hog and slow as molasses. >>
> >> >>
> >> >> You're right about this. Compared even to the buggy Window on Wall
> Street,
> >> >> it's incredibly slow. I have no idea why. Because they "designed it from
> >> >> the ground up for Windows 95", they probably cut corners to save time
> and get
> >> >> it to market. I suspect they used mostly a higher language such as
> C++ and
> >> >> probably used the operating system for many functions. This would
> slow even
> >> >> the most powerful computer system. Typically, a program would be
> programmed
> >> >> 95% higher language and 5% assembly language to speed it up (my
> knowledge may
> >> >> be outdated). WordPerfect used to be my slowest application, now
> MetaStock 6
> >> >> takes this prize.
> >> >>
> >> >> << The next MS6 version should be a FIX.....NOT AN UPGRADE ! >>
> >> >>
> >> >> You can forget that. I don't think Equis will do this. Just as if I was
> >> >> looking at a chart, their past history indicates this will not happen. Of
> >> >> course, MetaStock is still a good program and they have to stay in
> business
> >> >> also. Besides, I bought MetaStock 6 used so I can't complain. Equis
> has a
> >> >> generous title transfer policy. Cheapskate Omega Research doesn't, so
> I am
> >> >> not buying any of their add-on programs or upgrading their product, unlike
> >> >> Equis.
> >> >>
> >> >> << OTOH, I bought the Technifilter DOS program a month ago, and I
> love it.
> >> >> It's such a pleasure to have a FAST functional program without bugs and
> >> >> hassles, and I understand that the Win95 upgrade is due out this
> month. >>
> >> >>
> >> >> I looked at the comparison chart on the TA Stocks & Commodities. It's
> >> >> interesting how many features Technifilter Plus has which MS6 doesn't.
> >> >>
> >> >> http://www.traders.com/Documentation/Survey/97softwr.html
> >> >>
> >> >> With all of the smaller TA software companies, the main concern is data
> >> >> compatibility. It should be able to convert data into MetaStock
> format, not
> >> >> just read it.
> >> >>
> >> >> Well I have to get back to MetaStock 6. If anyone has a bug list for
> >> >> MetaStock 6 please send it to me. I want to be aware of any problems
> I might
> >> >> have with the program.
> >> >>
> >> >> Daniel.
> >> >>
> >> >> In a message dated 97-06-28 18:41:41 EDT, you write:
> >> >>
> >> >> << Subj: Re: Equis noncooperation with data vendors
> >> >> Date: 97-06-28 18:41:41 EDT
> >> >> From: mobldick@xxxxxxxxx (Dick Jurgens)
> >> >> Resent-from: metastock-list@xxxxxxxxxxxxx
> >> >> To: Metastock-list@xxxxxxxxxxxxx
> >> >>
> >> >> Hi Vitaly,
> >> >>
> >> >> I wish I could say this is a surprise....I tried the AIQ Market Expert
> >> >> that Frank so highly recommends, and liked it, but was unwilling to go
> >> >> to the trouble of converting all my data into the 256 issues per folder
> >> >> format. (Because I bought MS6 first)
> >> >>
> >> >> I see the ads in IBD literally SCREAMING the "superiority" of MS 6.0,
> >> >> but as an owner....I'm underwhelmed....It's buggy, and many of the
> >> >> canned indicators are faulty....I found out too late that the point and
> >> >> figure charting is drawn COMPLETELY wrong (in comparison to the
> >> >> Dorsey-Wright-Chartcraft equivalents) and even the Win95 interface is
> >> >> botched ! You can't just bring the chart window forward by clicking on
> >> >> it..You have to close everything first, and on and on and on.... It's a
> >> >> resource hog and slow as molasses.
> >> >>
> >> >> The next MS6 version should be a FIX.....NOT AN UPGRADE !
> >> >>
> >> >> OTOH, I bought the Technifilter DOS program a month ago, and I love it.
> >> >> It's such a pleasure to have a FAST functional program without bugs and
> >> >> hassles, and I understand that the Win95 upgrade is due out this month.
> >> >>
> >> >> Now that we know the direction Equis is going, this makes my choices of
> >> >> upgrades just that much easier.......
> >> >>
> >> >> In fact, the best thing about Metastock is this EXCELLENT group of
> >> >> guys/gals ! I just wish I would have known I didn't have to be a MS
> >> >> owner to be a member !
> >> >>
> >> >> Dick
> >> >> >>
> >> >
> >> >
> >> >
> >
> >
> >
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