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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (5696)	4/17/1999 6:00:00 PM
From: Stuart Cole	Read Replies (2) of 57584

I thought I was the only one hit by the Wednesday shutout. My present broker is CItibank. I couldn't place a sell order on line after several attempts. I than phoned them from two different phones and kept them on speaker phone for over 45 minutes. Finally got to talk to a broker. I originally wanted to set a stop limit at $15 for 5,000 shares but by the time I placed the order the stock was down to $9.50. I placed a sell order anyway and got out at $10. With my luck I got out at the bottom of the drop and gave back $25,000 of profits. I still was ahead $40,000 on the trade so I shouldn't feel so bad. What the brokerages are doing to us traders in criminal. They advertise fast execution, low cost and all the rest but when the ** hits the fan on busy days we get the **. We need to establish an association which will look out for the interest of the individual investor. I intend to change brokers for sure. My son uses Web Street with little problem but I have been looking at the possibility of going with WIT Capital. One of Wit's features is that they let smaller investors get into IPO's. Do you have any opinion on WIT? Have a great weekend, Stu.

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