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To: Bill Harmond who wrote (86220)12/5/1999 12:48:00 AM
From: KeepItSimple  Respond to of 164684
 
>Is there a name for this syndrome?

Yes. Making money in a mania.



To: Bill Harmond who wrote (86220)12/5/1999 7:58:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
Is there a name for this syndrome?

Message 12176680


Yes! Compulsive lying. It typically is accompanied by an inferiority complex.

Glenn



To: Bill Harmond who wrote (86220)12/5/1999 11:43:00 AM
From: Robert Rose  Read Replies (4) | Respond to of 164684
 
To all:

I seem to be the only one here concerned about this issue, but I am still seeking additional input/insight, so I am going to frame the issues based on my latest developing understanding.

As you may know, I use three online brokers: schwab, datek and etrade. I like the independence all three offer me, and the commission structure of the last two. However, with etrade and datek, I am becoming increasingly disenchanted with the multi-price/multi-transaction executions of 1k+ share market orders of low-float stocks in fast markets.

otoh, schwab's commissions begin to add up for trades of 1k+ shares. Their executions seem to be cleaner, however.

The difference may be due to the fact that schwab is a market maker (?), whereas datek and etrade (?) are not? Thus, schwab may have a ready pool of stock to add to or subtract from when executing orders, thus increasing the liklihood of single-price/single-transaction market executions of 1k+ orders.

For this reason, I am beginning to think that an account with a market maker makes the most sense. It appears that some who trade in larger amounts trade through market makers such as MS or PW. The disadvantage here is higher commissions and working with a broker. (I've yet to find one worth my while.)

Ideally, I would want to work online through a market maker with an attractive commission structure. I don't know if any exist. I am thinking that perhaps a service like DLJ Online provides the best of both worlds. I have no idea.

I guess I am asking for input (pm is fine) about experiences with 1k+ trades from various brokers, online or not, with info on commission structure if possible. I am hoping that any input I gather here will help me fruitfully focus further DD.

tia, Rob



To: Bill Harmond who wrote (86220)12/5/1999 12:31:00 PM
From: Eric Wells  Read Replies (2) | Respond to of 164684
 
William: during the six or so months I have been reading and participating on the SI AMZN thread, I don't think I have ever read a post of your's that includes an expression of risk or caution - you certainly may have made such posts, but perhaps, I have missed them. I have friends and relatives who have been in the market for years, some with very large amounts of money - and nearly all with whom I have spoken have expressed concern about the recent rise in the Nasdaq and the internet stocks, and nearly all have commented on the increased risk of a potential market pullback at these heights. Even Robert Rose, on this thread this past week, posted a message where he expressed concern that the market might be over-extended (http://www.siliconinvestor.com/readmsg.aspx?msgid=12133529) - and this was when the Nasdaq was 100 points lower than it is now.

Do you see any risks in investing in the market as a whole at the moment? If so, what are they? Also, do you see any risks of being long YHOO or AMZN at current levels?

Thanks,
-Eric Wells