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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lee who wrote (96918)1/20/2000 3:37:00 PM
From: Yaacov  Read Replies (1) | Respond to of 186894
 

To: Yaacov who wrote (96911)
From: Steve Lee Thursday, Jan 20, 2000 2:51 PM ET
Reply # of 96921

*OT*
1) There ain't 300 working days in a year
2) Intel don't go up 2 points everyday even intraday
3) So you don't get 600 points
4) You would probably make more money marketing your medication cos it sounds like good stuff to me

5) Who is your broker with such fantastic commissions? Do you work for them or is it a good deal cos you are so wealthy?

You said

""

I don't live in the United States, I do my trading in Switzerland. We don't use traders, we use banks for trading
equities! Buying and selling non-Swiss Equities are not subject to income tax, not to capital gain. Banks have secrecy clause! The banks disclose only if one trades in Swiss stocks and bonds, and is a Swiss citizen of has an
A-residence permit! I won't explain that to you becasue
you wont understand!) The commissions all depend on the number of the stocks you trade and the type of portfoglio
you maintain with the bankers! INTC is not the only stock
that is traded. When you have 50 buy and sells limits in
10 will go a day! Now if you don't understand, you can send
me a PM and ask politely, else you can take a walk!



To: Steve Lee who wrote (96918)1/20/2000 4:11:00 PM
From: GVTucker  Read Replies (1) | Respond to of 186894
 
Steve, RE: commissions

Actually, it is not uncommon to pay zero commissions on OTC trades. What the firm doesn't tell you, though, is that they take a hidden 1/16 spread that never gets reported to you, so your actual commission in that case is 6.25½/share.

Thus, when Yaacov pays 1½/share, his actual trading cost is 7.25½/share.