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Another interesting comment on the ET Forum
kamisu
Registered: Apr 2006
Posts: 9
09-17-07 07:03 PM
Thanks fedfunz...I know some traders who would be interested in seeing a live demo of SpoozToolz, in Chicago.
They'll probably look into participating in the beta test too, if it's possible.
I've checked out the demo several times over the weekend...can't get over the flexiblity of the system.
And I see on their website that it's already been released to some proprietary trading firms...did I read that right?
Anyway...I'd like to get to Chicago myself. kami
http://www.elitetrader.com/vb/showthread.php?s=56e174cdb3c9f26bd4ba7ac1c683a4f5&threadid=97255&a...
CEO Paul Strickland has said that they are not contemplating a reverse split. Someone might be able to provide the text of a statement he has made on the subject.
Agreed, Wing.
The demo seems to be tailored towards the professional trader. The first phase of the release will target those in the options and futures markets. I think Spooz has said that systems for regular retail investors (like me) will come in the next phase of the release.
Thanks so much, ITG!
I would suggest we put a link to the demo in a prominent place in the Ibox so we can direct new inquirers to it.
Yes there is - Commentary from a very knowledgable teacher (Jame' Groves?)
New demo is now active.
I have just started viewing it:
http://www.spooztoolz.com/demo/SpoozToolzDemo/SpoozToolzDemo.html
I don't see SpoozToolz as a market system. From what I can tell it is a platform upon which people can build their own systems. SWARM is one example - and I'm sure no investment banker has seen it!
"SpoozToolz is currently only available to select proprietary trading firms"
From this, it looks like the launch of ST 2.0 has already taken place. Just not the public retail launch.
Thanks very much, Allie. Looks like they have fixed the spelling :)
Hi, Allie
Do you have a link to this statement? I haven't been able to find it on the SpoozToolz site.
Thanks!
SpoozToolz.com is working for me now. Can't see anything new at this point.
If I recall correctly, the last two web site outages have affected both spooz.com and spooztoolz.com at the same time - and it seemed there was a hosting issue.
Currently the spooz.com site is working fine - so there could be something significant going on at spooztoolz.com. JMO
Thanks, Allie. That's an interesting detail. Does this indicate that proprietary trading firms are already using ST 2.0?
BTW - does Spooz accept editorial corrections? There are 3 spelling errors in this paragraph.
Propriatory = Proprietary
Comming = Coming
Form = From
Hi, coolmark. Thanks for the report.
Does: "For managed account information" mean that 141 futures can manage someone's personal account?
Thanks, Wing.
Hi, Wing
By going into Spooz, do you mean they are employed by them somehow? I think Fedfunz is one - are you able to say who the others are?
TIA!
I agree, Imperial. My investment is based on the fact that I believe what Spooz is saying. All the research I have done has led me to that belief. The long wait for more news is giving anxiety to some, and sure I'd like to see news soon (now!) - but I figure the company has had valid reasons to go into this quiet period. Since I've waited so long already, what's a few more days. LOL, I'm getting used to waiting - seems to be the normal state of affairs here!
Impatience at this point (i.e., selling because I'm tired of waiting) might be a big mistake. Yes, it's a risk - and everyone must make their own decisions - but it's one I feel ok about.
"Please note that there are multiple products and technologies at play here not just one product"
I find this to be an intriguing statement. Has Spooz developed something beyond SpoozToolz?
IMO, the LABS bid at 0.011 on Microcap L2 is a glitch of some kind. It was stuck there on Friday, too.
It may be the end of the beginning ...
The list of brokers on the order screen has been there for quite a long time. I think SpoozToolz version 1 was set up to work with these brokers.
I don't want to put a damper on the excitement, but just thought I'd point that out.
I reckon it's a buy from some retail investor who feels better when we see green at the end of the day rather than red.
I didn't take the first post as negative - I think thebermellon was saying that an externally required quiet period was evidence that something monumental was underway - as no penny stock would voluntarily impose a quiet period on itself.
And that is what Paul indicated in his quiet period announcement - the quiet period was at the request of the outside entity.
It may be the case that the Spooz bigwigs may not be the ones to choose when the silence ends - I think it's possible that they may be waiting on the "investors".
I have taken a quick look at the tutorial for Etrade's TT trader - it doesn't look like it is a Spooz product. It doesn't require Excel or any other Spreadsheet. Looks like a stand alone product.
Thanks for your story, jwm. In case anyone is interested, I first heard about SPZI on the Allstocks board. A couple of comments caught my attention - one was something like: "This is no ordinary pink stock", and the other was: "Look at the credentials of the management team and board of advisors".
I was looking for a startup company that I could feel confident with and after checking out the company, to the best of my knowledge at the time, Spooz sounded like a good investment. Started purchasing in March of '06 around the time of the first launch.
The pps dropped and things went awfully quiet for a time after that, but I continued to add shares as I could see no fundamental reason not to. Then in Oct of '06 there was a long steady decline from a penny down to 0.0015. At the time it was not fun to watch, but I was able to add more shares down there, again, because from all I had learned, the company seemed to be doing the right things and prospects looked good for the long term.
The recent run-up has made me thankful that I took the plunge and bought shares when the pps was low. And still, from all I have able to determine, the company still looks like a very good investment to me. I don't know what the future will bring, but I still feel comfortable with my investment and I am still holding.
I understand the risks here, and would urge all to do your own DD, and not invest based only on the recommendations of others - make your own decisions here, and don't put in more than you can afford to lose.
This is a guess - but I think it may be some kind of deal with Trading Technologies (TT) - They are reportedly very impressed with SpoozToolz 2.0. If professional traders (many of whom currently use TT software) are also so impressed with ST, maybe TT have decided it would be in their interests to team up with Spooz, rather that try to compete.
Pure speculation!
Maybe that's why FANC (remember him?) was here yesterday and is gone today.
Yesterday I saw FANC on the ask. Not there today. I remember last fall it seemed like FANC was always squeezing the price down. I guess he was dumping shares for someone. With dilution over I was surprised to see him show up.
Less than 5 minutes according to Allie's schedule.
Quick question - Do you expect that all parties involved in the quiet period negotiations would be forbidden from trading Spooz stock on the open market?
TIA!
Hi, Allie
I'm here, but there's not too much to talk about. Thanks for the article on the quant funds - I found it interesting. Someone yesterday speculated that the news we are waiting for may not come until after Labor day. I'm beginning to think that might be the case.
I think the only ones who know aren't saying (insiders).
I agree, Wing. I think someone from the meeting reported Paul saying something to the effect that after TT were shown the software, the very next morning had a contract on Paul's desk!
I have wondered the same thing. We know they have been impressed enough to work out a deal already with Spooz. It wouldn't surprise me if they wanted to work more closely with Spooz. If professional traders are being sufficiently impressed enough with SpoozToolz 2 to be tempted away from using TT software, it would make sense for TT to want to have a piece of the the Spooz pie.
I agree, Jerseyboy. I highly doubt that Paul and co. would violate the quiet period - I'm sure they don't want to jepordize the launch in any way. From the tone of Paul's communications, it sounds like they are working with a significant entity, and I'm sure they will take pains to be as ethical and professional as possible.
Thanks, String!