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David,
Regarding Lombard and the BB trades:
I havent really had any difficulties trading the BB through Lombard. My advice to you is to have all the info you need ( bid price, limit order, market order, amt of shs, et. cetera ), and be prepared to talk real quick.
Perhaps I've had an isolated "bad experience" trading the BB through Lombard. Dont get me wrong......the trades went through ok. It's just that when trading through a "live" broker, you dont have that "leisure time" you would when you place electronic trades ( double checking your orders, changing them at the last second, pre submissions et.cetera). I prefer to trade online, and Lombard just isnt interested in adding BB stocks to their online service or automated phone service. E-Trade and Datek does. Also, the only way, as far as I know, to track real time quotes on the BB is to personally phone Lombard's brokers a million times/day. You can go to sites such as Yahoo and Datek for delayed BB stock quotes, but that doesnt help much if you are interested in daytrading a BB stock.
So all in all, Lombard has done ok by me. I'd recommend them highly for Listed and OTC stocks....and to a lesser degree for the BB issues.
Keep in mind though that any time you trade through a "human" on Lombard, you'll be charged the Standard Rate schedule. Try not to buy stocks under $1.00, because they charge $25.00 plus 2.75% of the principal. Normal trades through an actual Lombard broker will run you a minimum of $34.00 + .02/sh for Listed stocks.............
$34.00 + .015/sh for OTC stocks
I hope this answers your question.
Regards,
Steve |
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