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Strategies & Market Trends : Ride the Tiger with CD
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To: Gib Bogle who wrote (313467)1/20/2026 2:03:42 PM
From: benwood3 Recommendations  Read Replies (1) of 313641
 
At Schwab, I encountered this with a different stock: POET. The assertion on their part is that the first trade must be completed through a live broker (I was trying to add to my position). I already have a position, so that is highly disingenuous and my distrust for them as a brokerage has now emerged.
I chatted with some bot or person who claimed it was to protect clients. Clearly, that is not the little guy, but themselves. I believe they've taken a short position and want to throttle buyers so they can recoup their losses. This bot or person mentioned they have a 'list' of such stocks, probably the ones they've been getting burned on with their internal short recommendations.

After pointing out the hypocrisy -- I already own shares, and I have a margin account and can invest in massively risky options, they were unmoved, claimed they'd report this feedback. Complete B.S. I mentioned that I've transferred out of Schwab before -- to TD Waterhouse (which merged with Ameritrade into TD Ameritrade, and then that got bought by Schwab so there I am like a boomerang.
I would be interested in knowing if E-Trade provides this 'nanny state' "service" too.
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