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Gold/Mining/Energy : A List of Brokers Who Trade Canadian Stocks

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To: Martin Wormser who wrote (166)6/10/1997 9:40:00 PM
From: POLARBEAR   of 176
 
Martin.......here's E-Trade's e-mail reply to me regarding charging me double for a trade. I also inquired about why their system won't let me enter prices in 32ths, even though THEIR OWN site quotes these same stocks in 32ths. Instead of working on fixing their system, they want to call in to place these orders.........I wonder if they accept collect calls from Japan at a buck a minute.....maybe this would encourage them to cut down on the long holds!!

POLARBEAR.
===================================

Dear Mr. Hill:

Thank you for your recent email message.

"Seeing that ONLY 200 of the requested 1000 shares were filled at 4,
if I change the rest of these shares to a market order or lower the
price, will I be charged for two separate trades, or will this all be
considered one trade?"

The order will remain open until the remainder fills or expires. If
the order is left untouched and fills within the remainder of the
trading day, no additional commissions will be charged. If the
remainder of (or any part of) the order fills on a second (or third,
etc) day, an additional commission will be charged for each day.

However, if you change the order to a market order, you are (in
effect) cancelling one order and placing a second order. As a result,
the second order is treated like a new order and will be charged a
commission if executed. The same rules apply in the first paragraph
(above) if the order fills on multiple days.

"Also, one of the quote servers I use show the last trade as 3 31/32,
yet your system won't allow me to enter orders in 32ths. Can this be
fixed?

The system will not accept an order in 32nds if the market price of
the security is above $1.00. You will need to call an E*Trade broker
(using the toll free number below) to place the order. Press option 2
to be immediately connected. Advise the broker you couldn't place the
order via the website.
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