Online Trading - An Oxymoron? (EGRP, AMTD, NBD, DLJ, SCH) Message Board

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Strategies & Market Trends : Online Trading - An Oxymoron? (EGRP, AMTD, NBD, DLJ, SCH)

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To: rob108 who wrote (23)	1/25/1999 6:14:00 PM
From: Maarten Z	Read Replies (2) of 50

Rob, I use Schwab as well. I agree with you for the most part except in my experience trading some internet stocks during opening half hour of trading. Slowwwwwww order confirmations/executions. I dont buy this "fast moving stock" explanation either. The other day I put a limit order to buy at ask price (volume was about 900k in first hour). Took 20 min for exec/confirmation. Sold later and was executed within 30 sec. Exact same volume and trading range. I think they simply cannot handle the trades at the open. Either that or they are trading against our orders. However for the remainder of the day Schwab works fine. I plan to open an account with MB Trading but keep Schwab as a backup.

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