E*Trade (NYSE:ET) Message Board

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Non-Tech : E*Trade (NYSE:ET)

ET 16.33

-3.1%

10:23 AM EST

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To: TechTrader42 who wrote (4862)	2/4/1999 8:52:00 PM
From: Scrumpy	Read Replies (1) of 13953

...can deliver the services that they've promised... Uhhhh...better read the agreement! ETrade promises a price for a trade, and that's it. You* expected the rest. Ever hear of "you get what you pay for..." ?? For $9.99 everyone thinks they'll Yahoo their way to financial freedom with the analytical ease of Warren Buffet and Peter Lynch. On-line trading has been problematic for years now! And every on-line broker is experiencing growing pains. It's naive to believe accidents will never happen. Class action suits benefit only the lawyers. They'll scream at the top of their lungs for "justice" and contrive a charge to justify the egregious and frivolous misapplication of law only to fatten their own wallets and reputations. The rest of us will end up with a thirty-dollar trading gift certificate. Just because Harry homeowner with an ETrade account is disillusioned and uninformed about the limitations of technology doesn't mean brokers have engaged in false advertising and are "breaking promises". Every on-line broker wants to make money. ETrade lost $$$$, as well. When in history could millions participate directly in a market? And for pennies! People come to the internet with expectations, but always forget to read the fine print. Datek even guarantees execution times, but not in the event of hardware or software failures. Even then, the only liability is the cost of the trade; they tell you upfront, and require your signature. Come to think of it, E*Trade's outage might have prevented all of those panic sellers from driving the market further South!! Regards, Scrumpy

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