bad experience in Charles Schwab recently Message Board

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Non-Tech : bad experience in Charles Schwab recently

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To: clark who wrote (42)	7/30/1997 7:03:00 PM
From: Joseph Beltran	of 124

Ain't gonna take it: Last week I placed a market buy order for 1000 shares of NTAIF. The ask at the time was 24 5/8. I waited 2 minutes for a fill. Nothing. I saw the ask starting to move and I canceled the order. Later I placed another market buy order for the same stock. That time I waited 4 minutes for a fill. Nothing. The ask started upticking and I canceled. I tried a third time. I waited another 4 minutes and no fill. I canceled in disgust. Stock closed above 26. Gapped to 28 the next morning and closed at 32. Plenty of cash and margin my account. Schwab gives me a bunch of b.s., i.e. "it takes a long time to fill market orders on stocks of foreign companies"....They will say literally anything to justify their incompetence. The matter is before their "Chairman's Panel" or whatever now. I prepared a civil complaint for breach of contract and negligence which I will file next week. I want ALL my lost profits. P.S. Also contemplating a class action lawsuit if enough people have had similar experiences. You can reach me at: altosax@thegrid.net

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