SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Broadcast.com (Acquired by Yahoo)
YHOO 52.580.0%Jun 26 5:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mama Bear who wrote (1005)3/29/1999 1:15:00 AM
From: B. A. Marlow   of 1260
 
Thanks, Mama.

Always fascinating how brokerages are "smart" enough to discriminate among Net stocks with respect to margin requirements but not smart enough to cover them! (Of course, Waterhouse doesn't apparently employ analysts anyway.) For example, XCIT is 100%, but ATHM is 30%?! AMZN is 100%, but YHOO is 30%?! Amazing!

Sure, the Web brokers are going for scale. But online brokerage is moving quickly from numbers of accounts to assets under management. Once you get tired of unprofitable entry-level accounts costing $3-400 a pop to acquire, you decide you need more assets per account. And this is where the rubber meets the road. If you don't offer these people value, you don't get 'em.

You raise an interesting point about gamblers, but this can be controlled via account set-up provisions. A gambler's likely to end up trading options, so volatility will continue through the back door.

BAM
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext