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Politics : Idea Of The Day

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To: Bart who wrote (13117)	10/29/1997 6:29:00 PM
From: AlienTech	Read Replies (2) of 50167

Bart hang in there buddy.. I am in the same boat as you but I use ETrade and I pretty much went through this same crap. All the options I have left now are for JAN 98 and hoping that the techs rebound by then. these electronic brokers are the pits, Its not that they dont work, Its that THEY DO NOT WORK WHEN ITS CRITICAL. A monkey can do the other stuff on normal days. By not being able to place orders for 10 mins is the difference of 20-30k. By locking you out of your account you can loose a large portion of your capital cause you cant sell. Or make money.. I do know exactly what you are going through. I stayed with ETrade through everything cause they work fine. Yea but the 5 times they didnt work when I wanted to do something cost me almost 100k. And to think they made 15k on commisions from me the last 6 months. I think we need to start telling people these stories.. People just dont understand that a few mins can wipe you out or make you money. >> Thanks Hans!-I had sold a 1000 shares of klic on monday after the market opened the second time that day. I used a market order and it was never confirmed..they were sure it was just a reporting problem but 24 hours later they cancelled the sell as it had rebounded and it never was executed!-That screw up messed up my ability to buy other things to capitalise on yesterdays rebound!-I found out that I never got filled on some VRTS calls that they called the exchange to confirm They got the order for. Yesterday it was confirmed but they could not give me a price. Based on that they would not let me buy INTC calls that doubled in 10 minutes after share buy back was announced. this morning schwab calls and says I never got the vrts calls that when I changed the market order 20 minutes later that they cancelled the order!- 2 weeks ago they failed to fill me on some oex puts that went aginst me and when I brought it to their attention the next day they made me buy them the next day because it is their policy on all market orders that they have to be filled.I bought them and sold them simultaneously just to fulfill their requirment and I ate the commission and the spread!-Now suddenly they say that yestyerday was an unusual day and they do not honor my market order. I question their ethics and feel I was wronged in a big way. Last summer I tried to sell a ton of wdc at the bid 2 minutes before the market closed and those did not go through. wdc missed their number by 2 cents and I got 50k less the next day for those calls!-I feel like schwabs poor execution or no execution has cost me 100k mimimum in the last 6 months!-Instead of having a profit in my portfolio I have 50k loss for the year!-This just does not seem right and I feel like they are playing by rules that fluctuate to fit there bottom line! <<

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