Web Street Securities (WEBS) Message Board

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Non-Tech : Web Street Securities (WEBS)

WEBS 18.62

-5.4%

Nov 10 4:00 PM EST

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To: Doug Coughlan who wrote (1083)	9/30/1999 8:16:00 PM
From: Billy Martin	Read Replies (2) of 1339

I have plenty of tales with Web St. There is very few times you will get a "free trade" with 1000 shares. They almost always split your order 500-500, 200-800, 100-900 etc. You lose the 1/16, 1/8, 1/4, whatever. Sometimes they take 5-15 minutes to fill and report a market order, and I,m talking stocks with plenty of volumn. I complained the other day and they adjusted from 9 3/8 to 9 1/16. I told them I watched the order on level 2 and they adjusted my account 2 days later. If you try to trade all or none you will hardly never get filled. I like their one page setup. Once you get used to it you can move fast. It is US Clearing that is the problem. Cancelled orders I have had no problem with except they always say cancl pend. Probably an out for them if they screw up. Watch when you get a partial fill and then change the balance of the order. Twice Wed. they gave me 100 & 200 extra shares. I've got plenty more stories if anyone is interested.

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