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Non-Tech : Always Looking for Cheap Internet Brokers

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To: mtnres who wrote (414)	12/8/1997 2:28:00 AM
From: Mike Morgan	Read Replies (2) of 602

ALERT !!!! Please be aware that the 5 free trades you are getting is no "special deal" as NBD would have you believe. They offer it freely to anyone as its been advertsed in Barrons. So the $25 at&t credit is all you get extra. Besides, Ameritrade offers 5 free trades to anyone too. Cant believe you all choose NDB. There are SEVERAL better alternatives although I doubt any are willing to give special privilegdges to mostly otc bb customers. The FACT is most otc bb investors LOSE $$. And some sue their broker. THATS why some firms try and discourage those type of traders. The other reason is they dont get as much if any payment for order flow which is a big part of their revenue. Dont fool yourselves into thinking Farsight is worried about losing you all. They dont want most of your business. BTW, I do trade a few otc bb stocks but I've got 17 years experiecnce and I'm a seasoned VALUE and ASSET buyer. They typical otc bb buyer is a get rich quick seeker that wont be around long. Ever wonder why their are no otc bb mutual funds ? The majority are semi-scams. Also the market makers can REALLY screw you on otc bb issues. They are trade ahead and dont have to give representation. I dont reccomend otc bb stocks for anyone with less than 10 years experience. One look at the neophytes on the RMIL board should prove my point.

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