is this guy sittin there only for quoting or is he tellin this anyway and he´s trading ? if he´s only the quote boy i feel really really really really sorry for this guy. i´d get put away within one day if i had to do this, thats for sure. with his speed he should go into music biz imho... kev
I'd be suprised if he isn't trading emini's on his laptop from time to time, but at 125 bucks a subscription per month don't feel to sorry for him. If he only has 100 customers like me he is at 150K a year, and I'm sure he has more than that.
He acts like a auctioneer, but had a lot of subscribers, and he is one of the shepere services. I actually like the gusy at los.net, who are around the same price range. There are some services much more expensive who were worth the money back in the bull run, but now, I get nothing more out of them then the los crew. I have listened to ben, but he is too fast for me, to auctioneer. For those of you unbelievers in a squawk service, if you are a scalper who trades off the minis, in decent moving markets the squawk is a good advantage. When it is slow and range bound, the squawk gets me in trouble, gets me in trades when they get excited about the s-p moving a half a pt. when the stocks are going nowhere. I would start following what paper and the big locals are doing also, and in slow markets, I get hurt by this, because the locals will high bid and get others to follow to get the big pit moving a bit, and the eminis traders buying while the whole time they are on their headsets dumping their positions on the minis, just scalping for .40 of a pt or so themselves. Squawkers are worth it for scalping, you just have to learn when to follow them or sit on your hands. Remember, their are just as many games going on in the pits.
This service is used by many/most institutions and futures trading firms and many stock trading firms (including Bright, I believe)...and as one other post suggested, it's not the quotes that are important. Ben gives an easy to follow synopsis of who's buying, who's selling, and what the locals are doing (and if the locals are even there!). Also, for those people that think the e-mini's lead the big contract, you'll quickly find that the actual action in the pit leads...it's the milliseconds that it takes to report the action that makes the e-mini's look faster. You'll hear the infamous "...paper to buy, paper to buy...", then Ben tells what the locals are doing and how many contracts are left, etc. If you don't think this info is valuable, then you are missing the edge that pit traders have had for decades. That is all. BigMike
should have allowed for a longer trial, today's thursday at or near the close of the day, should have allowed trial until COB (close of business) Wed or Thursday next week 2003 only.
good deal, also, good that you brought this to everyone's attention so, are you getting referal credits?
puffy, that's not ben's. it's the guy(Jeff?) who used to own los.net then sold it ...then started xsquawk