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Strategies & Market Trends : Ride the Tiger with CD

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To: Cogito Ergo Sum who wrote (45185)	3/9/2006 12:40:44 AM
From: Taikun	Read Replies (2) of 313018

Etrade does the same sting for 1000+shrs, 1 cent ea. A 101,000 trade of 0.04 cent shares would be 9.99+1000 or $1009.99 at Etrade and 0.2% of trade value or $80.08 at Interactive Brokers. Options are 9.99 at Etrade, $1 at IB. I mainly opened the Etrade acct for warrants and Canadian mutual funds, everything else should be done at IB. These places all have the same insurance. On a service note, Etrade is bad. I have been on hold over 1 hr twice (OK it was RRSP season, but IB never had hold times more than 15mins in my experience) and 20mins recently at Etrade is still too long. Today I saw the NYSE IPO and thought I'd give the Etrade acct a quick juice to the NAV (I guess I see this as an easy scalp over one or a few days) and to my shock, after placing the trade at IB (NYX shares and calls) I entered the same order at Etrade and for NYX and NYXCO (Mar $75 Calls) I got an 'Invalid Ticker' error. Later, after the market closed and I had the time to sit on hold, I was told sometimes they 'miss IPOs'. OK, maybe a junior but the biggest US stock market's own IPO?? I think Canadian brokers offer poor service at high rates.

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