E*Trade is currently my single largest position and I think the risk/reward is very favorable for the next few months.
I also have an account with E*Trade, and I must admit I have had my share of dissappointments (putting it mildly) with the electronic and human broker service. I have nearly left for Web Street twice. I probably average 1-2 trades per trading day.
I have decided to stay, mainly based on the Robertson Stephens research in the Professional Edge service, and the potential to access IPO's. I also have seen improvement in response time, executions, and responsiveness of human brokers.
Even when the service pissed me off, I still felt good about the investment. It's kind of like AOL - the service was horrible for a period, and frankly I wouldn't use their service, but it sure has been a hell of an investment. I expect, at minimum, E*Trade will be a good investment, and hopefully the service will be outstanding as they iron out the bugs in the infrastructure.
Cheers. Rick. |
