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To: jim_p who wrote (65017)4/19/2000 6:55:00 PM
From: upanddown  Read Replies (1) | Respond to of 95453
 
Jim

Definitely Waterhouse. YAHOO is full of outraged customers with the usual silly yammering about class-action lawsuits. One guy said Waterhouse told him that he should have been forewarned when his buying power dropped to zero before the final collapse. That is pure nonsense. My buying power is zero because I am collateralizing a bunch of short puts but overall the account is 60% cash. People need to realize that these on-line operations are not going to be there when you MOST need them and that their first concern is going to be their balance and not your balance.

John



To: jim_p who wrote (65017)4/20/2000 9:56:00 AM
From: CpsOmis  Respond to of 95453
 
<<Did you know that on the last NAZ sell off that many of the on-line brokerage houses were liquidating margin accounts without even making an attempt to contact the owner for a margin call? >>

I just signed up with Datek.....like their streaming quote feature, but it only seems to work half the time. I noticed in the fine print that you agree to give them the right to do that with the margin calls......

I don't use margin for that and other reasons. (don't want to add that level of risk)
Cosmo