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To: Gerald Walls who wrote (24971)6/25/1999 4:35:00 PM
From: t2  Respond to of 74651
 
There is one brokerage in Canada that caps commissions at around $40 as long as your trade under $2000. This works great if you want to buy calls at 1/8---ie 160 contracts. Other brokers would charge you per contract and you could end up paying $200 or more for a $2000 trade. Needless to say that i also keep an account with them in case opportunities arise (1/16 to 1/8 as prices. Once you go over $0.75 there is no real advantage but with under 2k trades,it is great.

There should be a some on-line brokers in the US that offer such deals for speculators.



To: Gerald Walls who wrote (24971)6/25/1999 4:40:00 PM
From: taxman  Respond to of 74651
 
"How's [dreyfus brokerage] service...?"

i am very satisfied. did over 800 option trades with them last year with no problems--i do not buy or sell stocks except through exercise of option contracts.

trading on internet very user friendly and fast.

the only negatives or services that dreyfus does not have include:

automated telephone trading, and

check writing.

they are working on adding these in the future.

i also have traded with etrade and discover and favor dreyfus.

regards