FWIW, here's my opinion...
In an interview, Ricketts says the broker is ready to deal with account and volume growth and that it will put an end to its technology problems in a matter of weeks. In a sign of its confidence, Ameritrade on Oct. 12 will begin guaranteeing trade executions in less than 60 seconds. If an execution takes longer, the company will refund the commission.
Do they think that will retain customers? Let me see here, say I wanted to buy 1000 shares of ELNK on that particular day that the site had the shits, and couldn't even be accessable, and ELNK hit $19 somethin'. First, I couldn't get in to place the order-they don't lose nothin, I do, because ELNK is at 44 right now. Second, even if I could get say $13 becaudse they couldn't carry out my trade, do you think I'll care about 13 bucks? NO CHANCE.
Like leaving a bad taste in my mouth, or a stain upon a dress, thanks but no thanks, I'll test the waters else where.
IMO, KEEP the EGRP. Why sell at $20 when it's a $60 + in a few years max. Do with what you want with the AMTD, but I think they'll do good too. Lots of suckers go after that $8 trade stuff. And eventually they'll get it right, if not, still lots of fish in the sea, they'll likely keep the volume up for a while. |
