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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Kip518 who wrote (2992)2/14/1998 11:34:00 AM
From: Brooks Jackson  Read Replies (4) of 18691
 
Waterhouse users: Pls share experience re: short sales & Q98

Missing out on WDRY's drop because Schwab declared a $25 stock unmarginable was the last straw. I'm going to open a new account -- and have tentatively picked Waterhouse.

Would any of you who have experience kindly share?

Questions:

1. How often does Waterhouse have "no shares to short?"
2. How often does Waterhouse declare a stock not marginable (and therefore not short-able)?
3. How is the Quicken98 support working out? (I would consider Datek, but they don't support Q98 yet.)
4. Posters on the Waterhouse thread have noted that customers must call Waterhouse when covering a short sale with a "buy" order. Can this also be done by e-mail? (Their Web Broker system can't handle covers automatically, apparently, though they claim to be working on this.)
5. Any specific complaints or compliments about Waterhouse and short sales?

Thanks for sharing your experience. This is what makes SI great.
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