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Non-Tech : Online Broker Down - Sue 'em - EGRP, JBOH, AMTD, SCH, NDB
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To: Clint E. who wrote (85)2/7/1999 5:54:00 PM
From: Bob Duncan  Read Replies (1) of 253
 
Clint:

Actually the irony is if Etrade had not acted for me and waited ten more minutes I would have made 12K instead of losing 8K. As I mentioned before their margin dept. decided to buy to cover my position AT MARKET which bumped to price up 1 point. (I noticed when it went through the bid was 62 1/2 and the ask was 63 7/16, of course since they put the order in at market it went through at 63 7/16.) I had covered half of the position at 62 a few minutes earlier and had a limit buy to cover in for the rest at 61 1/2 which AMTD hit ten minutes later (actually it got below 61)

As for paying back commissions, nope I got an 8 1/2 x 11 folder in the mail with all of the trade confirmations - most of which went through at 19.95 a piece.

For what it is worth I am still getting a "please contact Etrade customer service" error when I try to login to my account, and I have sent 5 emails to their support with no answer. Tried calling them last week but got tired of waiting.
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