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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: euro who wrote (13836)10/21/1999 10:48:00 PM
From: KevinThompson  Read Replies (2) | Respond to of 57584
 
Except for NATS, I sold out of my OLB including TWE and MHMY. Most of these that are small float can pop quick (e.g. SIEB). But I feel there is a lot of selling pressure on these right now, mainly because of recent announcements buy other big name brokerages wanting to get there piece of the OLB business. They are willing to go so far as to offer "free" trades to entice investors / traders to sign up. This puts a lot of pressure on the existing discount OLBs, since a significant portion of their revenue comes from trading commissions. Therefore, it seems a little risky to hold the OLBs until things play out. I am holding NATS since they have some offsetting reward factors that I don't see in the others right now.

good luck,
KT

EDIT: NATS is not yet an "OLB", but they're soon to be, and that is one of their "offsetting rewards".