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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (192)	2/14/2000 5:55:00 PM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

Congrats on your stocks today. Wow - ONT. Hadn't even noticed. Had real problems with my broker today was on the phone for an hour. I transferred from one account to another account (same broker) because the old account was phone trading only - higher commissions and about 15 mins from picking up the phone to getting filled! Some positions have been trickling into my account from Friday last week (3 weeks after requesting the transfer) but when I try to sell, they say I don't have the position to sell. I expected things to be difficult as I am trading foreign stocks but I have a Datek account and that fills within seconds. Datek doesn't do options. I managed to get the RMBS sold and now the proceeds are in the new account with no problems. Still waiting for various other positions and some cash to come over though. And when I call, sometimes I speak to someone in the UK, and it busy times the calls are diverted to the US so there is no continuity in who I deal with. I don't want to say in public who the broker is as they happen to be a rather large customer of my consulting business. For the same reason, I can't give them too much grief or go to arbitration - although if i hadn't got that RMBS fill today, I would have been willing to lose their custom! Trading should be easier with the new account set up from this point on. Right now I feel I have too many stocks and am finding it difficult to keep in control and run my businesses and build my cellar etc. So if I don't follow up on some of your excellent picks, please don't take offence - I just don't have time to check them out. Now I am ready to take a large position in MSFT and am glad it has held back so far. Edit: Plus, in the excitement, I forgot to say I covered the AMD short at 43 1/16. It had seemed to fail to break its all time high but with Intel being capacity constrained, I am afraid AMD will have another good quarter, despite being a worthless stock in my opinion. I will short it again but I will be more careful about picking the level and the time.