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


To: Eric Fader who wrote (3256)1/25/2000 9:26:00 PM
From: JD  Respond to of 4792
 
I think there was 3 mm's at 5.75 bid at one point - but I flipped so many of these bounce plays today I can't really remember. Doesn't make any difference though as AMTD was able to get the same order done while one of my orders at MyTrack just sat and sat.

A big part of the problem looks like NITE & HRZG knows that TRAC will not follow up on open orders the way AMTD does.

One time I called AMTD on a OTCBB fill situation like this, the broker thought he had put me on hold but he hadn't - I heard everything like it was a conference call. The broker calls down to AMTD's trading desk, the trader calls the NITE desk on another phone - he was telling the guy (@ NITE) he had this pain-in the-keester, stubborn client giving him a hard time about this order....and talked the guy at NITE into filling it!!.

Now, I had been nice to the broker at AMTD (he was one of the old timers who knows his stuff) and the broker had not said a word to the trading desk except the details of the order...but the story the trader said didn't bother me a bit...he was just showing empathy for the guy at NITE because he knew it would help him get the order done!

Order execution at TRAC will not improve on these OTC_BB's until someone picks up a phone on behalf of the TRAC client. But TRAC's business plan rests on it's computer (no costly human intervention) trading system.

Time will tell. A couple years ago, I would have not expected the level of service from AMTD I now get.......................Jerry