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Technology Stocks : Cymer (CYMI)
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To: Rookie who wrote (6958)10/28/1997 1:28:00 PM
From: Justa Werkenstiff  Read Replies (3) of 25960
 
Rookie: Your set-up with E-Trade and Datek is the same as mine as well as your experience with both today. Here is a post I made to the semi-manufacturer blood thread. It can't compete with bh's story but here it goes:

Mark and All: I learned a very important lesson today that I must share. As I said
yesterday, I would be adding to my positions in semi-equipment manufacturers today
-- literally banging the buy button all the way to the bottom or until I had no cash.
Unfortunately, my electronic broker did not want to let me execute my strategy to the
fullest extent possible. I was denied access through the computer on several occassions
because, I presume, of the traffic. So one can buy when there is blood in streets only
to the extent that your broker's phone or his firm's computer system hasn't bled to
death first! NASDAQ might be liquid but it does not matter jack if I have no way of
accessing this liquidity. Maybe they were answering the phones during this event as
opposed to 1987, but the computer was not taking my calls. My discount broker is "E
Trade." I hope a thread starts (maybe one exists already) that analyzes the
performance of brokers during this "sell off" or whatever you want to call it at this
point. This is an issue of major importance to every investor or trader. Food for
thought.
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