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Non-Tech : The Discount Broker's Hall of Shame -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (551)	11/21/1999 9:09:00 PM
From: Steve Felix	Read Replies (1) \| Respond to of 594

Ditto. I like to do TA and figure out where breakouts may occur. Placing buy stops at that point has worked well for me. Suddenly Waterlouse decides that buy stops must be placed $1 above the bid. Supposedly to protect the customer. I told the person on the phone that making me pay 1/2 to 5/8 more than needed was quite a bargain! I have e-mailed them, asking if they knew of any good online brokers who could just execute for me without wanting to hold my hand. I await their reply. Looking around, but this would have fit me perfectly. Please note: E*TRADE requires that you enter all stop orders at least 1/4 point above the ask price on a buy stop order and 1/4 below the bid price on a sell stop order.