FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Sept. 10, 2003–Stock Market Solutions, Inc. (OTCBB:SMKT) In completing its highly anticipated software trading system based on Jesse Livermore methodology thecompany has discovered a new analytic based solely on Jesse Livermore trading theories.
SMKT announced in July of this year that it would be able offer software to professional mutual and hedge fund traders to use the “Jesse Livermore digital trading and money management systems” by this month. The systems are designed to both pick stocks that are about to move-up or down (Trade-icator) and to pick the best “trigger date” to make trades (Veri-trade). Back testing with the system has shown that by employing these indicators, performance by investor-professionals can be substantially enhanced.
The company announced today that the back testing team has discovered a third Livermore indicator which appears to dramatically enhance the overall trading results of the system. In initial testing on stock indexes, particularly the QQQ’s, the system has been improved substantially by the inclusion of this new third proprietary analytic.
The company is now back-testing stocks, and additional indexes employing the two principal and proprietary Livermore indicators plus the newly discovered analytic. Stock Market Solutions president, Richard Smitten, believes that the new system could become the standard for all fund managers to use in the future. “The results so far have simply been exceptional,” he said.” Using this tool could become a trading enhancement that every fund manager must use to keep up with the top performers.”
Back testing, code writing, and encryption, integrating the new indicator is in progress and the company expects to be able to launch the software to subscribers later this month.
The “Trade-icator” system will be offered on a “per seat” subscription basis and “Veri-trade” will be offered on a “percentage of the gain” basis with a free 90 day introductory period.
About Stock Market Solutions, Inc.
Jesse Livermore, the man who made a $100 million during the stock market crash of 1929, still has a strong following in the financial world. He is considered by many of today’s top Wall Street traders as the greatest trader who ever lived.
Company president Richard (R.L.) Smitten, is the renowned researcher, historian & author of numerous books, including: “Jesse Livermore: World’s Greatest Stock Trader” and the sequel “How To Trade In Stocks”-by Livermore and Smitten.”
Since SMKT purchased the copyright from the Livermore estate, the widely sought after Jesse Livermore techniques and mathematical methodology have been refined into a software trading program using the data capacity, speed and accuracy of today’s latest computer technology. The proprietary system has been developed over the past two years with remarkable results. The Company will soon offer the proprietary Livermore software systems by subscription to help mutual and hedge fund traders, and other financial professionals and individual investors in order to trade the market more skillfully.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are “forward-looking statements” that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company’s filings with the Securities and Exchange Commission ,which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.
