Options for Newbies -(Help Me Obi-Wan-Kenobe) Message Board

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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)

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To: ---------- who wrote (819)	4/25/1998 3:41:00 PM
From: Madpinto	Read Replies (2) of 2241

Mr. DePinto? PALEEEZE call me Mike. As for a good brokerage firm doing options, I need a new one myself. I have an account at Discover Direct. I thought they did a great job as Lombard, but the merger has caused problems. I waited on hold for 15 minutes the other day (a relatively slow day) before someone picked up. I asked about the delay and was told they only have 50 people answering phones now. When I inquired about what would happen on a busy day, I was told, "I guess you'll have to wait." I said, "Well I guess I'll have to find another firm." To my surprise the broker replied, "I guess you will." E-trade did my business before Lombard and they were atrocious. They sold me out of positions without giving me a margin call. Actually, I asked them if I had a margin call, and they said it was not a problem. The next morning they sold me out of the position. I hope someone else has happier stories. Mike

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