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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Peter V who wrote (10888)7/3/1998 3:23:00 AM
From: Leo J. Bourne  Read Replies (1) of 18691
 
I have a no-fee IRA stock account with Tradestar (formerly Savoy), and they seem to be ok.

selecttrade.com

They do allow options. Had only one instance of a trade in a volatile stock not going through because they said my account didn't have enough for the trade (unlikely). It was just as well, because the stock I wanted to buy subsequently dropped like a rock.

On-line response time during trading hours could be better, but during peak times I have not found any of the on-line brokers to be fast enough for real-time trading. Day trading would be fine, though. Besides, Tradestar recently did a customer satisfaction survey and sent me a coffee mug for answering, so what more could I ask? They support normal accounts, margin accounts, options and quotes. Their IRAs, including regular, Roth and education IRAs, are no-fee. They send confirmations and statements, and they answer their e-mails and telephones if you have questions about a trade. Good luck. If you find a broker with lightning fast response time who also allows options, please let me know.
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