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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?

To: jbkelle who wrote (1308)	11/4/2000 11:07:55 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 1413

Well if Your an investor in TWE stock you best hope they don't lose traders like me. I pay em more commissions than 30 to 50 average investors like you. Just my option commissions were over 12K last year, TWE don't underwrite IPOs like many others do, they don't wheel and deal, their profits are tied more to the commissions of active traders than anything else, they make some interest off my short sells, and get a small rebate from some mutual funds, and some market makers , but take away people who trade like I do and she won't pay the overhead for this arm of her service. In short if she can't get up to speed she may as well shut down the Web-broker part all-together as the expense of running it with out active traders who generate the kind of volume I do won't leave any gravy to put on the potatoes. ---------- If you really think I; or people like me should find another broker, rather than bug them to improve then I suggest you sell your TWE while it's still worth something. From her own report; Net income totaled $168.1 million, up from $76.4 million. Results reflect an increased number of active customers, an increased number of trades and higher operating margins. And note the Active customers using web-broker who don't tie up a phone line or a brokers time is why the operating margins have gone up, without us those margins can and will fall like a rock. Jim