KISS - you forgot to mention this about Waterhouse's online trading News
>>>More bad news today, a major brokerage refuses to accept any orders via their website on the following securities: Waterhouse Securities is cracking down the Internet stock trading. Web broker will not accept the order to buy Yhoo, Xcit, Lcos, Ebay, Aol, Bcst, Dbcc, Ubid,.... . Must call live broker and 100% non margin. Curbing the day trading and traffic, or concerning high risk and high valuation???
KISS - Waterhouse can't keep up with the traffic…duh
thestreet.com
Said one Waterhouse client:
"[Y]esterday and today I have had trouble signing on my account," wrote Waterhouse customer J.C. Gadd in an email to TSC Wednesday. "I also get a message that says webBroker is down and that I can place an order over the phone."
"Starting a week ago, Waterhouse, a unit of Toronto Dominion Bank (TD:NYSE), began periodically shutting down its online trading site webBroker to make sure it deals with orders accurately before and after they're executed, according to a spokeswoman. The firm began the procedure because of the heavy volume. Waterhouse said this morning that today was shaping up to be a record day. The site was down for about an hour Wednesday morning and for about 15 minutes Tuesday. "
>>> Curbing the day trading and traffic, or concerning high risk and high valuation???
This is what you forgot to mention…
"Users have been notified of the outages by a notice when they log in. Waterhouse is working to boost capacity in the part of the system that sends orders to be executed and returns them once they have been executed, said the spokeswoman."
Naz March contracts suggest a less volatile day tomorrow…and the market will be waiting to hear what Bezos has to say at the conference in the PM (I believe).
Let's see what he has to say…and let's see how the market responds.
Till then…
David
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