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To: Tumbleweed who wrote (9285)2/23/2000 3:45:00 PM
From: Michael A. Gottesman  Read Replies (1) | Respond to of 60323
 
E-Trade: My shares are in there!



To: Tumbleweed who wrote (9285)2/23/2000 4:36:00 PM
From: Don Hess  Read Replies (1) | Respond to of 60323
 
Joe, et al (OT - re Schwab)

Schwab does not report corporate actions until they rebalance portfolios at about midnight of the day of execution. Even though your transaction history will treat this as a purchase and credit pair, the bookkeeping won't appear until you look at your account tomorrow.

- Don



To: Tumbleweed who wrote (9285)2/23/2000 11:19:00 PM
From: Craig Freeman  Read Replies (1) | Respond to of 60323
 
Joe, re: "Re Schwab not crediting the split"

The SNDK split was credited "some time today" most everywhere. MSFT reported it in the late morning while others posted it at random times. Anyone in the know had it down anyway so no big deal. So why punish Schwab?

Not that I think Schwab is #1 but, in 1987, they were one of the few who answered their phones before their customers (e.g. me) hung up and committed suicide. Fidelity was actually a tad better.

I understand that, at the time, Merrill-Lynch reps were too busy making outbound calls hyping their latest offerings to respond to clients wishing to place trades <g>.

Opinion: Once you've received a notice from your broker saying "we make a market in this stock so you've saved 1/16th per share .. far more than the commission charged for this trade ...", commissions become meaningless.

Craig