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Non-Tech : JB Oxford, Lombard, Etrade

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To: Philipc who wrote (224)1/30/1997 3:28:00 PM
From: Martin Wormser   of 396
 
Phillip, That can happen with any brokerage. I tried to sell 2,000
shares of a thinly traded company with OLDE. I had to sell all in one day to get 1 commission. So you have to be on top of the situation.
I put in an order to sell at 7.75, sold 200 shares, then nobody wanted the stock, so I lowered my sell to 7.50 and sold 200 more. I lowered it to 7.25 and sold the rest.

If I didn't sell in 1 day, another commission whould have been charged.

The point is, you should be lucky the commissions are only 15 dollars.

Mine was $160.

martin
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