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Non-Tech : Web Street Securities (WEBS) -- Ignore unavailable to you. Want to Upgrade?


To: Lee Walsh who wrote (1220)2/11/2000 10:56:00 AM
From: M. Frank Greiffenstein  Read Replies (1) | Respond to of 1339
 
People should be responsible, they claim they are, but the first thing they do when they lose is call a shyster lawyer to sue the brokerage (just general commentary, I am not saying this about you).

I think the rule is of benefit. You don't want dishonest MMs running up the price because of a large size order.

DocStone



To: Lee Walsh who wrote (1220)2/12/2000 11:07:00 PM
From: Craig Bartels  Respond to of 1339
 
Why doesn't this suprise me!!???



To: Lee Walsh who wrote (1220)2/13/2000 12:00:00 PM
From: B.D.Bauden  Read Replies (2) | Respond to of 1339
 
This is simply an admission on the part of Web Street that they have very poor execution on market orders. It is easier to restrict the use of their customers than it is to fix the problem.

Believe me, they are saving you money by forcing you to place a limit order.



To: Lee Walsh who wrote (1220)2/13/2000 5:23:00 PM
From: M. Frank Greiffenstein  Read Replies (1) | Respond to of 1339
 
Nope. The problem is not with execution at all.

They are doing you a favor, Lee. Penny stocks have large spreads and low volumes. Market orders will give MMs an excuse for running up price, because your order may indeed be the market MOVER.

Limit orders are the way to go with .OB stocks. Don't let anybody tell you different. Again, WEBS is doing you a favor. Please recognize that.

DocStone