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Non-Tech : Web Street Securities (WEBS)
WEBS 20.05-3.3%Nov 28 4:00 PM EST

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To: Carl van Rooyen who wrote (332)4/27/1998 3:50:00 PM
From: Jon  Read Replies (6) of 1339
 
To all Silicon Investor enthusiast.

I am one of the Senior Vice-Presidents at Web Street and would like to take this opportunity to respond to some of the questions that I have noticed on this site.

First, it seems that there are many questions regarding are latest enhancements. Please note that there are two types of enhancements that have either been implemented or will soon be taking place. The first, technological enhancements that improve our site's execution and real-time reporting have already been implemented. There are no visual differences in these enhancements, but you will notice the quicker speed in which execution reports pop-up on the screen. The second enhancement is site development. We will soon launch our single-click trading page, which allows you to execute trades directly off your watchlists. This will be available in May and is designed primarily for day trading.

As for the URL address for the site it is webstreetsecurities.com or webstreet.com. Either address will get you to the home-page.

For those who have questions regarding the trading of penny-stocks on our site: Please note, that there are considerable differences in the order handling rules of penny stocks versus NASDAQ stocks. These may be unfavorable to the trader. This is why we do not promote trading penny stocks, nor is our system built around the trading of penny stocks. You can always call or e-mail our customer service department to find out the details on trading penny stocks online.

As for NASDAQ trading commission questions. The commission is $14.95 for any stock trade under 1,000, regardless of the stock price. The commission is FREE, market or limit, if the trade is over 1,000 shares of a NASDAQ stock priced over $2.00 a share. Execution on most marketable orders is within 6-10 seconds.

I hope to have addressed some of your questions, I will try to answer more in the next couple of days. Remember, we our listening to your comments and suggestions because at Web Street Securities our customers are #1.

Best regards,

Jonathan Rosenberg
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