E*Trade (NYSE:ET) Message Board

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Non-Tech : E*Trade (NYSE:ET)

ET 16.93

+2.4%

Nov 5 3:59 PM EST

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To: milkenshair who wrote (12211)	3/3/2000 7:44:00 AM
From: Smiling Bob	Read Replies (3) of 13953

Orders placed with etrade are always sat upon. Market or limit. Won't get a confirmation on a market order until the price moves well against you. Can't cancel or change, just have to sit and wait to lose; often 15 minutes and longer. Other OLBs and regular brokers ALWAYS executed market orders immediately at prevailing bid/ask. So I would guess etrade is getting a hefty kickback from the market makers. I moved some accounts and opened accounts to take advantage of various services and rebates. But trades will be limited and the accounts will be transferred out shortly.

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