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Non-Tech : CyBerCorp.com
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To: CyBerCorp.com who wrote (253)2/14/2000 11:00:00 AM
From: just bearly  Read Replies (2) of 1001
 
Well I do appreciate the honesty in your reply. It confirms what I already believed. This is not to say that I am happy with the truth.

It seems that there must be a way that Cyber can minimize their risk while still allowing customers the freedom to trade their accounts the way they choose to. I can appreciate Cyber's concern over traders who short volatile stocks without the discipline or experience to cover those positions when they move against them, but what about those traders who do have the discipline and experience to manage these positions?

Originally Cyber was a trading platform for professional traders. Cyber required that any prospective customers have training and experience somewhere else before allowing them to open an account. Cyber has moved away from that to be a retail broker, which is understandable. What retail trader wouldn't want to be able to use Cyber's incredible trading platform? I have always been a huge fan and supporter of Cyber's platform, but I never thought that would come back to haunt me.

Perhaps Cyber could allow an individual trader access to these short shares based on that particular trader's past performance, experience, account size, or other requirements that would make Cyber comfortable in giving that trader short shares. This would limit Cyber's risk, but would still allow those traders who regularly short stocks with success to continue to do so.

I hope that perhaps Cyber would consider this solution. I know that I can go elsewhere to get short shares, but I am really very happy with Cyber's trading platform and would really like to stay with it.

jb
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