America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: KM who wrote (5328)	10/29/1997 8:28:00 PM
From: Investor-ex!	Read Replies (1) of 13594

Off subject: Quote from today's Reuters, Oct. 28 (sorry, link won't fit) PALO ALTO, Calif., Oct 28 (Reuters) - Online brokerages like ETrade may not reside in brick-and-mortar branches, but frustrated investors still had to line up for hours on their Internet storefronts to trade stocks Tuesday. Investors complained that they could not place orders to buy or sell stocks through their personal computers Tuesday --when the Dow Jones Industrial Average had the biggest point gain ever -- because of extremely heavy traffic on the global computer network. Customers reported that online brokerage sites run by companies like ETrade Group Inc. and Charles Schwab & Co. would not accept user names and passwords, would freeze or return error messages to their PC screens, delaying trades by hours. The customers that gave up and called human brokers at discount brokerages often were put on hold. What I want to know is who the heck bought those billions of shares yesterday? The media reports that it was "the small (just like you and me) investor". Sounds right to me. :-D

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