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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: ecommerceman who wrote (8755)	10/5/1999 10:28:00 PM
From: Spytrdr	Read Replies (2) \| Respond to of 13953

it's not that AmEx will not allow free trades if you buy and sell the same stock during the same day, they WILL NOT ALLOW SUCH ROUND-TRIP TRADES, period. the free trades are for accounts with $ 100,000+. they don't want daytraders, it's PROHIBITED, like in the old days of communist Russia. so if you buy YHOO and later that day Tim Koogle has a heart attack and dies and the stock drops 40 points, you will not be able to sell it. AmEx has had an online brokerage for some time, 2 years i think, but it was a failure until now, that's why they are "re-launching" it. they don't accept international customers, either, and neither does DLJ nor Fidelity. so, i stay with my beloved E*TRADE, thanks.