myTrack service from Track Data Message Board

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Non-Tech : myTrack service from Track Data

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To: JamesB who wrote (414)	3/18/2000 11:42:00 AM
From: Tom Allinder	Read Replies (3) of 571

James, I have yet to see a good online broker for OTCBB... If the SEC is spending all this time and money cleaning it up and with OTCBB stocks in such demand, then why can't we have electronic execution with OTCBB stocks? I got a live broker... not cheap but getting a fill is far more important than the commission... Besides, what commission are you paying buying 20,000 shares of an OTCBB stock 2500 shares at a time or 500 shares at a time? Selling is even worse, you will lose all your profits and pay a ton in commissions cause you can't get out of a position BECAUSE HERZOG won't fill. Worst of all... is that TRAC seems not to care about this problem... they only care about keeping HERZOG happy. I use NDB for a small account and fills are poor but at least if you get all of it, it only costs $19.95. I spent $668 in commissions with myTrade yesterday... mostly trying to get out of stocks 500 shares at a time because I need a quick fill... I takes a while to get out of a position 500 at a time... If I have 20K shares of a .50 stock and I want to sell it, I put in a limit sell at .45 I will be lucky to get out of 2000-5000 shares. Same thing with one going up, You can't take profit cause it is NOT IN HERZOG's best interest to fill you... He will fill you at the bottom for maximum gain on his part. We all have to remember one thing: As myTrade customers, we are in direct competition with HERZOG. The trouble is, that we are at HERZOG's mercy. HERZOG has the control... he will not fill you more than 200 or 500 shares if IT IS NOT IN HIS BEST INTEREST. Tom

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