Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (10507)	6/18/1998 3:38:00 AM
From: Jack T. Pearson	Read Replies (1) of 42787

Chris, You didn't ask me, but for what it's worth here is my assessment of brokers. There are a few good ones. But only a few. I get the feeling that most of them blow a lot of smoke. I had one give me a hot tip on a stock a few weeks ago. I told him I would monitor the stock, and if the tip panned out, I would consider opening an account with him. After I hung up, he placed an order in my name, without my concurrence, and filled it at the highest price of the day--at a commission 10x what I pay through Discover Direct. I hadn't even opened an account! When someone called after the market closed to report I had bought the stock, I raised hell and they backed out. I probably should have reported him. I wonder how often this goes on. He also sent me some stock analysis reports that were three to nine months out of date. The only reason I can see to deal with a broker is to get in on an IPO at the offered price. Jack

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