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Gold/Mining/Energy : Day trading in Canada

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To: Serge Collins who wrote (2861)4/20/1999 1:29:00 PM
From: Sleeperz  Read Replies (1) of 4467
 
On April 8th I placed an order with Greenline to Buy GLE @ $1.35, hitting the BID 5 minutes to close.

With 1 minute to go it was an open order in the Order Inquiry and
just sitting there. #@@#%% Never got filled even though there were
80 Lots of GLE on sale at $1.35

Complained to GL, they said once the order is send to the TSE its
the TSEs fault. But before that they made up numerous other excuses
like limit orders do not show up on the BID/ASK volume. @#$%@#$
Ya right.

Chris K: I placed an order yesterday with InvestorLine with 6 minutes left in the trading day and I didn't get a fill.

You can count me in for at least a loss of $10,000. @#%@#%

If someone ever commissioned a study to find out how much investors are losing by using discount brokers (this would be difficult to do), I suspect the losses to investors would be in the billions of dollars. The problem is that investors in Canada have absolutely no recourse. You don't have an SEC or NASD to complain to and both the IDA and OSC are a joke.
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