Doug and all,
Anybody else having so much fun with Ameritrade like I do ?
I've been on hold for the past 10 mins to place one order.
I called 10 mins before market opened because my online
trading shows, " Non-standard strike price. Contact
customer service." Market opened 1 min ago, I'm still
on hold. Somebody answered the phone and transfered
my call to somebody else and I'm on hold again. Let's
see How Long It's Going To Take - 1 min so far, 2 min,
Kris answered the phone and says she has to transfer
my call to options uncovered again. That's what I started
with over 23 mins ago. 2 more mins on hold. Steve picks
up the phone. Now I placed one order. Market has been open
15 mins. So it took me over 25 mins to place one order.
This one is from wsj regrding e trade, may be this is what I should do. Please send me email if any of you want to join me.:
Investor's Suit Seeks to Force
E*Trade to Increase Capacity
By REBECCA BUCKMAN
Dow Jones Newswires
An investor filed a lawsuit against E*Trade Group Inc., alleging
that the popular electronic brokerage firm can't handle the
number of trade orders placed by its customers.
The suit, which seeks class-action status, was filed late last
month in California by a Washington state resident, Larry R.
Cooper. He claims E*Trade's computer systems often get so
jammed that he and other customers can't execute timely trade
orders -- meaning they miss opportunities to buy or sell stock at
certain prices.
The system's problems were "particularly injurious" to Mr. Cooper
and other customers during the heavy trading days of Oct. 27 and
Oct. 28, when the stock market fell precipitously and then
rebounded, the lawsuit says. The Dow Jones Industrial Average
plunged a record 554 points on Oct. 27, only to rebound 337
points the next day.
Mr. Cooper's suit seeks an injunction to prevent E*Trade from
advertising or prospecting for new customer accounts until its
systems are upgraded to "handle not only the trades of members
of the Class, but any trades that result from the opening of new
accounts," according to the Nov. 21 complaint.
E*Trade said in a statement that is hasn't yet been served with
the suit. But based on the company's preliminary understanding
of the action, it doesn't think the company "has done anything
improper" and intends to "defend this litigation vigorously," the
Palo Alto, Calif., company said.
E*Trade shares fell 3, or 11%, to close at 23 9/16 Tuesday on
heavy Nasdaq Stock Market volume of 3.4 million shares,
compared with average daily volume of about 1.7 million.
regards,
BPP(Bipin's partner) |
