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Oct 5 blog entry:
"The chief architect of the SpoozToolz Version 2.0 has been accomplished by Capital Markets Consulting (CMC). This same firm is currently the chief development contractor for SpoozToolz, but behind the scenes our two companies are talking about relationships that will ensure the role of everyman in our company’s success, but take Spooz products well outside the scope of the retail market. I can not tell you of any details at this time, but I can assure you that the discussions with CMC are more than simply exciting, they are revolutionary."
Wing, I think you are right - this entry indicates that Spooz and CMC are looking for a market beyond just retail investors.
Allie,
From SpoozNewz on Sept 12
2. Early Q1 2007 – SpoozToolz v. 2.0 – This product represents a first-to-market at almost every level, with the possible exception of low latency, institutional proprietary trading ... The product will be offered at an introductory price of $89 per month. The marketing plan will be supported by email, direct mail, trade publication advertising, value added resellers, brokerage distribution channels and direct sales. Our research, together with other industry knowledge, leads us to believe that it is possible for sales of this product to become explosive in the latter half of 2007. Spooz has conservatively projected 2007 sales at approximately $7 million, however, we believe the potential exists for them to be far greater.
When I last spoke with Ryan at Equititrend, he indicated that the marketing campaign would begin after the release of version 2.0. He said they want to get the product out there first.
Thanks for letting us know about the signs of life on the blog. Hopefully there will be responses to those questions sometime soon.
Thanks, Allie.
Nice to know that Spooz has been working with an established company with a lot of experience in the technology side of the trading industry.
Something like that on the blog would be nice to see! (Nothing since Nov 2nd)
Wing, I sent an email to Spooz, and asked them about the "Spooz v2" link. They said that it does not refer to Spooz 2.0 - rather it refers to something else that they didn't specify.
Wing, I checked Google to see if I could find a cached version of this page. The most recent chached page was Nov. 30th, 2006 and it also is advertising SpoozToolz v2. Here's the link for the cached page (which looks pretty much like the current page).
I'm still wondering why they have v2 listed.
http://72.14.203.104/search?q=cache:iLppVganGPEJ:www.spooztoolz.com/category.aspx%3FcategoryID%3D5+s....
Here's the link for purchasing SpoozToolz.
http://www.spooztoolz.com/category.aspx?categoryID=5
Notice it says SpoozTooz v2
Is this 2.0?
Employment opportunities from the Spooz Web site:
Customer Service: This position is customer service for SpoozToolz Excel based trading software. Customer contact is via phone, instant messenger and email. Applicant should have prior customer Service experience with software or trading platforms, excellent communication skills (vocal and written), working knowledge of futures and stock trading, working knowledge of MS Excel.
Template Development: The function is working with MS Excel and SpoozToolz to develop custom trading templates. Experience in developing trading templates in Excel is required. Must have working knowledge of electronic trading of futures, options on futures, stocks, stock options, arbitrage, all financial instruments, currencies and hedging.
Trading System Developers: Positions available for developers of electronic trading systems, black box systems, gray box systems and automated systems. Systems will be developed using SpoozToolz and MS Excel. Experience required.
C+ Programmers: Positions available for C, C#, C+, and C++ programmers to work in the development of automated trading systems and related software. Must have experience in development of automated trading systems.
Looks like NITE bumped the bid right at the end of the day. It ended with 2 MMs at 0.0045.
Much better than seeing the bid at 0.002 not too long ago.
I hate to speculate. You might want to call Equititrend at (800)585-6988.
FWIW, when I last spoke to Ryan at Equititrend (A week or so ago) he indicated that the release of SpoozToolz 2.0 was actually ahead of schedule. I'm thinking it is possible that we'll get news of the release fairly soon. IMO.
Bid has moved up to 0.004 (ETRD new on the bid)
A new MM, SALI, has just shown up on the bid and raised it to 0.003.
http://www.allstocks.com/html/free_level_2_pink_sheet_stock_.html
Could someone enlighten me about what is meant by "They should have some market maker listed soon"?
Thanks in advance!
Finally got filled at 0.0035
I can't get a fill at 0.0035 this a.m.
I see the bid and ask have both been raised.
I tried to buy a few shares at 0.0027 today without success.
Don't know if it is significant, but today UBSS has increased its ask from 0.0055 to 0.0095. It still has the same bid listed: 2 x 0.002 (NITE and UBSS). No FANC today.
Could it be that whoever is selling has stopped and that we have found a bottom? There's no volume, FANC is not here today,and the ask has risen a little.
A new MM, ETRD, has showed up today and raised the bid (by .0001) FANC not around (yet).
Did FANC disappear from the ask?
Someone on RB said FANC was on the ask at 0.0025 today. It now appears that the ask is 0.003 and FANC is not there.
OT: Banks plan new stock market in Europe.
LONDON, England (UPI) -- A group of the world`s biggest investment banks will abandon European stock exchanges and build their own market in a cost-cutting move.
Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley and UBS, which together account for half of all trading in European stocks, will be shareholders in a new exchange with its own board and executives, the Financial Times reported Wednesday.
The new pan-European equity trading platform aims to take advantage of new European rules that take effect next November that seek to promote competition and curb existing exchanges` monopoly-like powers.
Banks have often complained of the unusually high cost of trading in Europe, as compared to the United States.
Initially, the new platform will be used to trade credit derivatives but later extended to rates, equities, foreign exchange and commodities.
=============================================================
Just a news article dealing with changes in the global trading environment.
OT: "Former Federal Reserve Chairman Alan Greenspan said Thursday he expects newly energized congressional Democrats to ease some accounting requirements of a landmark 2002 anti-fraud law that much of corporate America has criticized as overly burdensome ...
"Greenspan said he expects changes to a Sarbanes-Oxley provision called Section 404, which requires publicly traded companies to file reports with regulators on the strengths of their internal financial controls and fix any problems. Critics say the rules have triggered a steep rise in accounting expenses and need to be relaxed, especially for smaller companies ...
"Sarbanes-Oxley passed both houses with almost unanimous votes. Any bill that goes through Congress with that sort of vote cannot be good," Greenspan said to laughter and loud applause...
The law passed "with the vast, vast majority of the House and Senate not having read the bill," Greenspan said."
http://www.accountingnet.com/x55476.xml
The Sarbanes-Oxley law is something that Paul has mentioned as being burdensome.
Thanks for the post, Imperial. I was especially interested in what you said about SpoozToolz being programmable in Microsoft VBA. Paul has mentioned many times about how customizable and flexible ST is, and you confirm that.
From your knowledge of the trading community, what do you think the response would be among traders to SpoozToolz when they learn about its capabilities? Are others frustrated like you are with proprietary platforms? I guess I'm asking, are you a typical trader?
TIA for any light you can shed on this.
Thanks for this post, Allie. I checked out the thread and found it interesting. Good background on some of the issues the in the industry.
I think he mentioned it in the MN1.com interview and I'm pretty sure I have read some of his comments about it here on IHUB some time ago. I don't have the ability to search this board (only subscribers can).
I think Paul has mentioned before about Tradestation being Spooz's main competitor. He has said, IIRC, that in comparison, SpoozToolz is much more flexible and customizable. Plus, if TS is a brokerage, their platform is not available to customers of other brokerages. I believe that Spooz's goal is to work with as many brokerages as possible - a much larger potential base of investors. Does anyone else remember anything Paul has said about TS?
I took a look at a competitor's web site (Tradestation), and the support page is pretty extensive. They have web tutorials, user forums, guides, etc. I think this type of support for Spooz would be invaluable.
Take a look at:
https://www.tradestation.com/support/default.aspx
I listened to the interview carefully, and I do not remember Paul saying that there were 2000 subscribers specifically. What I do remember him saying something like this:
They had a goal of 3000 subscribers of SpoozToolz 2.0 for early 2007 and that they were already close to that goal.
This is as close as I can remember. I didn't hear him say 2000. During the interview my video feed rebuffered on occasion, and the 2000 number could have been mentioned during one of the short breaks in the feed.
All this is my best recollection. Like others here, I haven't been able to listen to the archive of the interview.
It is possible the 2000 number was deduced by someone who heard Paul's statement about them being close to the goal.
Still long,
Song
I think too, that this is a time to be patient with this stock. Paul said yesterday that the company is just now moving out of development stage. Advertising and Marketing is just beginning to ramp up. New products are coming on line.
I think all the longs here do believe that we have a good product, and that it will do well in the marketplace. Paul has always said this is a mid to long-term investment (He has said look out 18 months or so)
Thanks for checking, Allie. em
If I recall correctly, yesterday Paul said that the $89 per month for SpoozToolz would cover "exchange fees". I'm not sure what those are - could someone enlighten me?
BTW, Is there a way to view an archive of the interview?
Imperial,
Since Paul was so impressed by your Everyman post, I would think you have his ear as much as most of us here. Why not post your idea to the blog?
I thought Paul did well. He came across as straightforward, knowledgable and likable.
They're off topic now - talking about trading in the grain markets. Paul's very knowledgable about the subject.
Paul's staying longer! He's on the air now.
I thought he was talking about SpoozToolz 2.0. If I heard it right, Paul said he thought they would have close to the 3000 goal presold by launch date (Which, he said earlier, was projected to be mid Feb-2007)
Thanks for these posts, Allie.
Nice to see more details being revealed.
Does anyone have a sense of how widely followed MN1.com is? I took a look at it yesterday and found it an interesting site.
The hosts seem like they can be critical of suspect investments and companies. It was interesting to hear them talk about how they like to have CEOs come into the studio so people can see them directly and view their body language, etc.
I have a feeling that Paul will be able to hold his own pretty well.
I think this is the best explanation I have seen of the improvements of SpoozToolz 2.0 over version 1.0. Paul acknowledges some of the weakness of version 1.0, and it sounds like major programming advances have been made in version 2.0 especially with the "Spooz middleware" which seems to have the effect of making Excel work much more efficiently.
Paul is now introducing us to CMC, and hinting at great things from future collaborations with them. I wonder what he has in mind?
Very intriguing.