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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: techguerrilla who wrote (9181)	3/25/2000 12:43:00 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35685

I dont mind paying five times the commissions to my broker they allow 35% QCOM margin maintenance levels a big advantage of fullservice without such regular liberal margin allowance, I would not be cruising around in a Beemr, resigned from working for the man, and filling gstrings with GeorgeW replicas... last autumn I used massive margin to finance piles and piles of QCOM option calls... many thanks to Josephthal... for other reasons I am now with Oppenheimer, where my broker steed now has transferred I have long argued the horrors of discount brokers: you get what you pay for - poor execution, poor response during fast market times, high margin reqmts, etc I will never forget the guy who told me his sad story he tried to exit a stock with 10,000 shares he couldnt get thru to Fidelity almost all day it was a fast market for most the day, heavy volume his sale late in the day was 3 pts lower than the morning price he lost $30,000 commission: very much discounted (what a bargain!) I will gladly pay $125-180 per trade on blocks worth $30-50k my broker discounts me plenty penny wise, pound foolish -- not me / Jim Willie