Live News Service, Free

I have never discounted Hold Bros. I was at an Expo somewhere years ago and I remember their little booth and their proclamations of trading 10% of the NAS....

I heard later their offices were a little primitive, but a lot of work being done in them....

Michael B.
 
Quote from stockerup:

I have found this service to be useless. Has anyone else came to the same conclusion?
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no i find it very usefull. only been listening for for a few weeks but the key economic events have been announced right at release and before market has moved. for example new home sales were released on time and a good 10-15 seconds before the run up even started.

i'm new to news service and announcments though so maybe i'm missing something?
 
Quote from stockerup:

I have found this service to be useless. Has anyone else came to the same conclusion?
More...

They are just perfect for my needs. I just use them for economic numbers. They are as fast as it gets. I can watch the charts / trades and listen to the actual number. Much better than trying to grasp a news headline via text services.

To me, more useful than the services I paid $100 / month for. Too bad it won't be free forever.
 
Good service, he just speaks to fast alot of times, but great for free. He beats CNBC by about 30 seconds for EIA Oil numbers that I noticed a couple of weeks back
 
I've been trading at Hold Brothers since 1999 but rarely trade on news. I know that they've built up their news desk since the last time I was in their Jersey CIty office.
If you believe the firm, they say they started their news desk in 1995 before there were any other services like this. and trained the guy who later went on to start Trade the News.
I heard that they're never going to charge because the service gives them positive branding and a lot more subscribers than if they charged.
A guy in my office has one of the other services and they both break stories from time to time and it's hard to tell who is better. The traders at Hold Brothers use the exact same Teamspeak dissemination service and get the news at the same time as the non Hold Brothers traders (I'm pretty sure). I know that Newsstrike gets the Michigan Confidence Number ahead of others because they subscribe to it and that's a benefit they give their subscribers- I don't know if the other services get this or not.
 
I don't trade the news because I think it's not reliable enough for my purposes. They had a reporter in the courtroom on SHW today. Good for about 1 point pop, which then quickly reversed below the pre-news level.

Last thursday they got RMBS which was good for $2.50 or so.

Also on Wednesday they got the bad news on SHW which subsequently went down about $8.00

After a few weeks of listening, the only thing I feel that has been reliable IMO has been earnings surprises and exceptionally bad or exceptionally good news, and buyout rumors. I've decided to forget upgrades/downgrades, CEO announcements, CEO prognosis for 2006 earnings, company press releases, company stock buyback announcements, dividend increases, and even restatements of earnings. This is from a partial log I've kept since 1-13-2006.

Mike
 
I have found that NewsStrike is consistently ahead of TTN on equities announcements. Other than the news announcer sounding muffled all the time, I would say that this is a great service. I haven't compared it to NTKN because I don't use the equities feed from NTKN.

Good luck all.
 
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