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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?


To: Susie924 who wrote (3253)1/25/2000 5:35:00 PM
From: JD  Read Replies (3) | Respond to of 4792
 
TO MYTRACK:

A LOT OF US ARE GETTING TIRED OF THE "PR" RESPONSES WE ARE GETTING, WHILE THE PROBLEMS STILL MULTIPLY AND GET WORSE WEEK AFTER WEEK.

THIS IS WHAT HAPPENS WHEN YOU ASK A MYTRADE SERVICE REP TO STAND UP AND ACT IN THE BEST INTERESTS OF THEIR CLIENT:


To: +PEWD (230 )
From: +JD
Tuesday, Jan 25 2000 5:20PM ET
Reply # of 231

Folks, this is a fine example of the lack of service from TRAC. My two posts have gone unanswered, as have my in-house "tell track" messages:

Message 12639227
Message 12636781

The performance of the software keeps getting worse & worse (trans logs not loading or taking 2 minutes...positions & acct. status not available...and still the dreaded "marketable order not cancellable").

But the real bad news is the inablilty to get a reasonable amount of OTC_BB orders filled on a timely basis. Today, I had much better success with Ameritrade than TRAC for orders getting filled without having to do a cancel/replace because the price moved away...and I was buying the same stocks at both accounts at nearly the same time.

The best example of this was from opening. Yesterday, I had bought LNCD in both accounts. At open today, I first entered a sell order to TRAC: Sell 200 LNCD @ 5.75 limit day order. Entered at 9:31
Then I phoned in the same order to AMTD: Sell 200 LNCD @ 5.75 limit day order. Within a few minutes, I received a sell confirm from AMTD, 200 done @ 5.75. I waited all day for TRAC confirm, with no results.

Now, the bid on LNCD was 5.75 or higher until 10:50:32 when it moved from 5.875 to 5.625. TRAC had 99 minutes to get it done, but when I called and explained the situation to TRAC at the end of the day, the guy did not even make an effort to call the market maker to find out why it was not filled. HE TOLD ME THAT ALL THE VOLUME THAT WAS SHOWING ON THE LOG THIS MORNING WAS INSTITUTIONAL TRADING - HE SAID THAT NO SHARES TRADED TO THE PUBLIC, AND THAT IS WHY I WAS NOT DUE A FILL. BUT THE VERY TRADE HE TRIED TO SHOW ME AS AN EXAMPLE OF A "NON-PUBLIC" TRADE WAS MY FILL AT AMERITRADE!! (order #158023058, shows @ 9:44:16).
AND I ALSO HAD PLACED ANOTHER SELL ORDER WITH TRAC FOR 200 LNCD THAT WAS FILLED (200 @ 5.75 day limit order ID # 348699 - shown on trans @ 10:09:55). HE ALSO TRIED TO TELL ME THAT ORDER WAS INSTITUTIONAL - BUT I AM NO INSTITUTION!!!!!!

After I told him that those were my orders, he tried giving me the old "THERE WERE ORDERS IN FRONT OF YOU..." routine, which is just another excuse - my order that filled was placed after the one left open (open order ID # is 342886, filled was 348669 - the higher the #, the later in the day the order was placed).

Now, I had to wait for 17 minutes on hold before I got through - but I could hear jokes & laughter being told in the background while I was waiting for my order to be "researched".

I am tired of being treated with disdain & disrespect, and having my intelligence insulted by MyTrack "service" agents. When I ask to speak to a broker, I expect to talk to someone who has, at a minimum, his series 7 !!. I know this is not the case, because when I am put in the holding queue, the message says "an agent will be with you shortly" - not "a broker will be with you shortly" like at the other two brokerages I use.

Very disappointed and doing less and less trading on MyTrack...Jerry


************************** IT APPEARS TO ME THAT MYTRACK IS WORKING ALOT HARDER TO KEEP HRZG HAPPY THAN IT IS AT KEEPING THEIR CLIENTS HAPPY ************************



To: Susie924 who wrote (3253)1/25/2000 6:10:00 PM
From: LANCE B  Respond to of 4792
 
MYTRACK-THOUGHT AND COMMENTS..
I REMEMBERED JUST A FEW MINUTES AGO THAT I
WAS LIVID OVER THE FACT THAT AMERITRADE WAS TAKING ALMOST
45 MINUTES TO ANSWER THEIR PHONE LAST JANUARY...
EVERY BROKER IS HAVING TROUBLE FILLING ORDERS RIGHT NOW...
I KNOW IF I AM TO SUCCEED IN THE COURSE OF THE YEAR I NEED
MYTRACK...JUST HAVE TO BEAR THROUGH THE MONTH..AS I TOLD
BARRY,IF THEY ARE ONLY ONE YEAR BEHIND THE QUALITY PHONE SERVICE
THAT AMERITRADE OFFERS THAN I CAN HANDLE THAT....

SUGGESTION- DO NOT KNOW WHY,BUT I HAVE BEEN PUTTING THE SAME ORDERS IN TO ALL MY ONLINE SERVICES AT THE SAME PRICE,OF COURSE I HAVE YET TO HAVE ALL 3 FILL,BUT IT SEEMS FOR SOME REASON I DO NOT MISS AS MANY AS I DID LAST WEEK...