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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?


To: CyBerCorp.com who wrote (3192)2/3/2000 9:52:00 PM
From: P.T.Burnem  Read Replies (3) | Respond to of 3216
 
Do CyberCorp customers - as a group - beat the market?

If they do, how come the average customer account size has not grown much in 1999 - a year NASDAQ went up ~85%?

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CyBerCorp today is dedicated to the full-time, experienced and highly active investor who is well-equipped in computer technology and high-speed Internet connectivity. The company ended 1999 with nearly 2,500 customer accounts and approximately $202 million in customer assets. Customer accounts grew by nearly tenfold from the end of 1998, while customer assets increased by more than tenfold in the same period. (Source: CyBerNews Volume 2, Issue 7. SCHWAB FURTHER STRENGTHENS ITS ACTIVE TRADER OFFERING WITH ACQUISITION OF CYBERCORP AND NEW COMMISSION DISCOUNTS)
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I have done very well last year, but that was mostly through swing trading, no thanks to CyberX, and in spite of Penson's idiotic margin rules.