| Author | Message | ||
     Public_heel Moderator Username: Public_heel Post Number: 4975 Registered: 12-2003 |
T/S - They had a non-recurring gain and an "other income" item which added up to $600k, or an after-tax effect of maybe 6 cents. Without those, things would have been really bad. Do you know it those two items will return? | ||
| Treesloth Registered Member Username: Treesloth Post Number: 1389 Registered: 07-2005 |
Last quarter wasn't very good, with falling revenue and and a .02 loss. I still think the only thing they lack is the the resources to market themselves properly. With all the rumored consolidation of the online brokers, I wonder if any of the big boys will see enough value in TRAC to purchase them. I think I am going to pick up a few shares. | ||
| Public_heel Moderator Username: Public_heel Post Number: 3222 Registered: 12-2003 |
Could be... I make so many trades with TT (about 800 in August) that I really need their low rates. Besides, 98% of what I do are market-on-open or market-on-close orders, so routing is not a question. | ||
| Treesloth Registered Member Username: Treesloth Post Number: 1095 Registered: 07-2005 |
I don't remember the routing now. I actually used to get better execution with Datek. | ||
| Public_heel Moderator Username: Public_heel Post Number: 3208 Registered: 12-2003 |
T/S - Who was the order routed to? It could be that it was trading so fast that it took them some time to get to you, and that a lot of those trades you thought went in after yours really went in ahead, and were slightly late-reported. I see that, even now, they are exectuing a couple of trades per second. Maybe they were just overwhelmed. All that said, I think Tracktrades routing can be a little squirrely, but that's mostly in on-the-open orders... | ||
| Treesloth Registered Member Username: Treesloth Post Number: 1088 Registered: 07-2005 |
Heel, Have you ever had problems with slow execution in tracktrade? I put in an order to buy several hundred shares of GG just after the open for a quick trade. My limit order was slightly above the price the stock was trading at. I watched my order sit there for 45 seconds while GG continued to trade below my limit price. Then the price rose above my limit price, and I canceled my order. I then put in a market order, and it did not execute for 30 seconds,so I canelled that too. It cost me a couple hundred dollars. (Message edited by tree-sloth on August 31, 2006) | ||
| Treesloth Registered Member Username: Treesloth Post Number: 72 Registered: 07-2005 |
P/H, Thanks for the info on Zacks. I'll try the two week trial when I have time to figure out what I want to do because I don't want to waste it. I've been too busy at work to do anything else..I actually wrote six 529 plans today (>: | ||
| Public_heel Moderator Username: Public_heel Post Number: 283 Registered: 12-2003 |
I don't think TRAC is concentrating on their trading platform, at least not the one for people like us. The Support Chat sometimes goes an entire day w/o a single question. | ||
| Super Moderator Username: Super Post Number: 42 Registered: 10-2003 |
One additional fact is that the Yahoo mailing list serving users of the TRAC ASK has been largely silent for a long time, many fewer messages than in it's heyday. I conclude that developers are not fucussing on TRAC as a data provider, having found other sources of data feed or determined that there is no market or need for trading software using TRAC's data feed. One example is the guy in Israel I knew who thought he could beat the market with statistical predictions. He was suitably chastised for his over-optimism by market efficiency and slunk away defeated. | ||
| Killernut Registered Member Username: Killernut Post Number: 2565 Registered: 10-2003 |
I hadn't seen the Trac news. It seems to me it is just a way for Barry to raise some money which I think is obvious that he needs. | ||
| Public_heel Moderator Username: Public_heel Post Number: 278 Registered: 12-2003 |
T/S - I'm using the Zacks Screener. It costs $1000/year. It is a very nifty product, with the caveat that they do have some data problems that one has to watch out for. I know you won't spring for a subscription, but if you take a two-wwek free trial, I think you'll be impressed http://www.zacks.com/research/screening/index.php I'm downloading about 50 data elements each day. I put them in a database that I use to develop my long/short recommendations (Great Expectations Board). | ||
| Public_heel Moderator Username: Public_heel Post Number: 277 Registered: 12-2003 |
K/n - Right. W/O the non-recurring gains, they would have been losing money all along... | ||
| Treesloth Registered Member Username: Treesloth Post Number: 69 Registered: 07-2005 |
P/H, I was wondering where you get your data downloads for your screening database...just in case I feel overly ambitious enough to try to build one someday..  | ||
| Public_heel Moderator Username: Public_heel Post Number: 276 Registered: 12-2003 |
The company must agree, if they are paying $3.00/share. Still, they aren't making money yet... | ||
| Killernut Registered Member Username: Killernut Post Number: 2563 Registered: 10-2003 |
ps I think the trailing earnings included alot of one time income (or at least what I took as one time). | ||
| Killernut Registered Member Username: Killernut Post Number: 2562 Registered: 10-2003 |
I looked at TRAC a couple weeks ago. IIRC their trailing earnings look better than their forward earnings do/will. I figured I would follow it but forgot to add it to any of my tracking portfolios. | ||
| Treesloth Registered Member Username: Treesloth Post Number: 68 Registered: 07-2005 |
Forgetting Barry's problems for a moment, this stock seems cheap. | ||
| Jfh Moderator Username: Jfh Post Number: 286 Registered: 10-2003 |
Opinion : The Five Dumbest Things on Wall Street This Week The Five Dumbest Things on Wall Street This Week Page 3 3. Off Track Another trade went wrong this week for Track Data (TRAC:Nasdaq - commentary - research) chief Barry Hertz. Or rather, it went a little too right. The CEO of the online trading shop was charged with insider trading Tuesday by the Securities and Exchange Commission. The agency alleges that Hertz avoided some $64,000 in trading losses by illegally selling company stock while in possession of material nonpublic information. He also made $13,000 in illicit profits by buying stock ahead of an expected dividend announcement, the SEC says. The SEC says Hertz sold shares in the Brooklyn-based company in July 2003 even after receiving a company reminder that trading was prohibited for the next month. He did so, the agency claims, after reviewing internal reports indicating a significant decline in professional service revenue. Of course, the fact that Hertz actually made money in the trades might have been enough to draw scrutiny. After all, Hertz has been stymied in some previous efforts to make a buck. Hertz is the guy who in April 2000 got a $45 million margin call because of bad trading bets on technology stocks. Worse, Hertz, who at the time owned 72% of Track Data's stock, had pledged more than half of his 45 million shares of company stock as collateral to the brokers he borrowed money from. When the brokerages sold much of that stock to cover Hertz's debt, it crushed Track Data's stock and effectively killed Hertz's plans to sell the company. For now, Hertz insists he hasn't done anything wrong. "We do not believe that Mr. Hertz violated any insider trading rules," his lawyers said in a press release Tuesday. "We believe that the Court will agree that Mr. Hertz did not violate any law." We don't care what Avis says. It looks to us like Barry Hertz is trying just as hard as anyone. | ||
| Super Moderator Username: Super Post Number: 559 Registered: 10-2003 |
Earnings report today - 2 cents a share profit, ho hum, but the stock is up. http://biz.yahoo.com/bw/040513/135155_1.html I also notice that Barry Hertz may be charged with insider trading the stock of his own company. What fun. http://www.thestreet.com/_yahoo/markets/matthewgoldstein/10156765.html | ||
| Super Moderator Username: Super Post Number: 466 Registered: 10-2003 |
Big jump today on news, apparently. http://biz.yahoo.com/bw/040408/85527_1.html |
