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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (5644)4/16/1999 12:12:00 AM
From: Stuart Cole   of 57584
 
Brokerage survey

I lost $25,000 today because I couldn't place a sell order with my broker (Citibank). I tried to place the order on line but the site locked up or gave a message that "I can't do that" I called the broker on a land line, actually two phones and let them ring on speaker phone. It took over 45 minuets for me to get to a broker and by that time the stock price fell from my original stop limit order of $15 to $9.45. I placed a sell order and got out at $10. This wouldn't be so bad if it was a few shares but I had 5,000 shares.

I am changing my broker to Webstreet. My son uses them and get fast accurate execution all day today. They even picked up the phone in a few minutes. Webstreet could of saved me thousands.
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