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Non-Tech : WANTED Charles Schwab customers.
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To: mauser96 who wrote (42)10/31/1997 10:04:00 PM
From: Larry Williams  Read Replies (1) of 69
 
Lucius-

I got burned by Scwab too... I lost 10% of my net worth as a result of being unable to place trades the morning of the recent market crash.

I read that Schwab has a new recommendation for assuring trades on heavy volume days.. that is to drive to your local branch where your trade is assured. This is the height of idiocy. My local branch is 2 1/2 hours away. This recommendation is so ludicrous that it only can be a viewed as preemptive position that Schwab is taking against the inevitable litigation arising from their breach of investor trust.

I'm looking for ways to recoup my losses because of Schwab's ineptitude. Maybe I should:

1. Transfer my accounts to a credible and capable brokerage house.
2. Sell Schwab stock short.
3. Wait for everyone else burned by this company to do the same.
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