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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?


To: Girish Patel who wrote (713)6/15/1999 12:08:00 AM
From: Earl Mincer  Read Replies (1) | Respond to of 1390
 
I've had the opposite experience -- fast trades, never a single problem on the site and great phone support. Yes, the commission is high, but still a far cry from what I paid a real broker not that long ago, and it's still inconsequential relative to the size of my trades.



To: Girish Patel who wrote (713)6/15/1999 10:09:00 AM
From: Richard Forsythe  Read Replies (1) | Respond to of 1390
 
Schwab hasn't lost customer base. They got $8bn in net new assets (the difference between cash arriving at Schwab and departing from Schwab). The other number, down 1%, is what happened to the total dollars at Schwab.

How did your account fair in the month of May? Up, down, or flat?

Richard



To: Girish Patel who wrote (713)6/15/1999 12:55:00 PM
From: zurdo  Respond to of 1390
 
SCH subsidiary, MASH (Mayer and Schweitzer) is largely responsible for much of SCH's loss of momentum, in my opinion.....MASH's mode of operation has been discouraging both online investors, traders and daytraders from operating in what is regarded as a heavily manipulated market, especially on lightly traded stocks....A growing number of people are realizing that to go long on stocks where MASH and other MMs are manipulating prices downward is plain financial suicide...