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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: shamsaee who wrote (20489)3/17/2000 5:18:00 PM
From: Mike Buckley  Read Replies (1) | Respond to of 54805
 
shamsaee,

If you are selecting your own stocks and using LTB&H strategies, I see no benefit to using anything other than an online deep discount broker charging no more than $8.00 per market trade. I doubt that you're getting that kind of price from any of the brokerage firms you mentioned.

--Mike Buckley



To: shamsaee who wrote (20489)3/17/2000 5:52:00 PM
From: John Stichnoth  Read Replies (2) | Respond to of 54805
 
shamsee--

What kind of advise are you getting from your "full service" broker? Remember, your broker has even worse conflicts of interest than an analyst when it comes to recommending a stock. And, a broker rarely knows as much about individual stocks as an intelligent, diligent individual investor.

The warnings against Prudential aren't primarily about price. They are about the advice you would receive if you are trying to be a Gorilla Gamer. Your broker hasn't read TFM!

If you feel you need a local presence (and I came to the same conclusion) to the extent you might be willing to pay a little extra, what about Merrill Lynch (which has $20 trades now, online), or maybe American Express (which has free trades!), if their overseas branches will provide support.

Best,
John



To: shamsaee who wrote (20489)3/17/2000 7:12:00 PM
From: DownSouth  Respond to of 54805
 
Shamsee, my advice, since you asked, is to dump 'em all. Nothing against Pru in particular, but brokers in general. What do they know that you don't know or can't learn? And how will you learn it unless you do.

What do you need a local branch for? Your on the internet and "the internet changes everything." (John Chambers)

Make your own decisions without the advice of someone who benefits from your churn.



To: shamsaee who wrote (20489)3/17/2000 11:39:00 PM
From: Uncle Frank  Read Replies (2) | Respond to of 54805
 
>> I don't understand why everyone is warning me about prudential

Let's hope you don't find out the hard way.

Your friendly broker is obligated by condition of employment to push stocks as directed by Prudential. Often these are stocks Prudential is trying to dump from its own portfolios. Your broker had two reasons for trying to get you in a cash position:

1. You will generate commissions for him in doing so
2. You will have dry powder the next time he has a Prudential recommended stock.

SMan, you may think he's a benevolent sort who really cares about your financial future, but all he wants is your money. Go see the picture Boiler Room as soon as it is available in your part of the world. It is a work of fiction based on a factual framework. Or read the book Liar's Poker by Michael Lewis.

Take control of your finances or prepare to be fleeced.

uf@Isoundparanoid.com