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Non-Tech : Always Looking for Cheap Internet Brokers

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To: KZAP who wrote (308)11/30/1997 7:15:00 AM
From: Thomas Haegin   of 602
 
I bought right on the second day or so when the AMTD IPO hit the market at about 21 5/8 which of course was pretty much the high then; I bought more at around 13 1/2, giving me cost basis of around $17 or so. So I'm up about 100% so far. I sold some recently at around 23 and will hang on to the rest 'till either the stock market or the Internet dissapears, which is not very likely.

It's a great long term story, but I concede that the moment the stock looks overvalued to me. I would not buy into it at current levels.

My experience is that market orders get generally filled right away. You enter the order, reconfirm it, wait a couple of minutes, go to the order status screen and there shows the "filled" and the fill price.

They charge $8 for market orders, $13 for limit orders, both placed via the Internet. You may place orders by telephone (i.e. BB stocks). That costs $10 more than the Internet orders ($18 and $23).

They do not offer real-time quotes. They do offer good research features: MarketGuide full company reports and Frist Call earnings estimates reports.

As I said, their website always worked even during 10/28. I probably will never have another broker again.

Thomas
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