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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (57729)	9/8/1999 5:11:00 PM
From: Bryan	Read Replies (1) \| Respond to of 90042

Hate to break the CS discussion but seriously look at CNC. Somebody mentioned it a while back, and it caught my attention because I have dealt in it several times. It's not a day-trading stock, but it is poised for a rebound. Todays news fundamentally supports a rebound from these levels IMO. biz.yahoo.com biz.yahoo.com bk

To: Tim Luke who wrote (57729)	9/8/1999 5:45:00 PM
From: kathyh	Read Replies (1) \| Respond to of 90042

Schwab lowers full-service rates Discounter meets Merrill's online commissions By Emily Church, CBS MarketWatch Last Update: 4:51 PM ET Sep 8, 1999 NewsWatch NEW YORK (CBS.MW) -- Charles Schwab on Wednesday signaled its Wall Street rivals that it's taking the online commissions model to the full-service level. The giant discounter (SCH: news, msgs) announced it's lowering commissions on Nov. 1 to $29.95 for trades conducted by an investment advisor on behalf of a client -- the same rate Schwab charges retail customers. The standard commission rate for the advisor trades is now $39 a trade. Schwab appears to be setting a floor -- at least for now -- for commissions that investors will pay for an online package of trades and services like analysts' research reports and advice. The new Schwab rate is the same set earlier this year by rival Merrill Lynch (MER: news, msgs), the biggest of the traditional firms to adopt a more aggressive stance for full-brokerage services online. Merrill in December will offer clients $29.95 a trade in their "self-directed" accounts. The brokerage has already rolled out online fee-based services for its clients. John Philip Coghlan, Schwab's vice chair, and president of Schwab International, said that Merrill's online move to date has not caused a dent in Schwab's asset growth. Watch our video interview with Coghlan. Schwab's stock (SCH: news, msgs) slipped 1 15/16 to 38 13/16, along with other e-brokerage stocks. It's not entirely clear how Schwab's commission cuts for its advisors will eat into the discounter's revenue; many advisors negotiate their own commissions with Schwab, and some are already are likely paying less than $29.95 a trade. "Schwab's not lowering the bar, but what they are doing is lowering the gauntlet," said Frank Lallos, analyst at consultant Gomez Advisors, which rates the online brokerage industry. Schwab's telling its rivals "here's your call to action. We're going to get in the ring and more actively go after your customers," he added. Schwab said it's also sweetening the pot for wealthy clients with at least $100,000 in assets to manage and who use advisors. The services, from Schwab Signature Services program, include customized Web sites, stock research and online banking and bill payment. Schwab said in a release it e-mailed the changes to its network of 5,600 investment advisors, and that the advisors represent about $180 billion of the nearly $590 billion in customer assets at Schwab.