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Pastimes : ETRADE Sucks! -- Ignore unavailable to you. Want to Upgrade?

To: Tony van Werkhooven who wrote (3217)	1/28/2001 11:04:24 AM
From: Dale Baker	Respond to of 3262

ETrade's intra-day buying power numbers are often off the mark. One day they even had a notice saying they were reading low. My account showed a margin call for a small amount when I have never pushed my margin anywhere close to a call situation. ETrade is not reliable for frequent trading, especially for a daytrader. I wouldn't use it if that is how I made my living.

To: Tony van Werkhooven who wrote (3217)	1/29/2001 12:14:50 AM
From: Manny	Read Replies (1) \| Respond to of 3262

Yes, I have seen that happen, but never could get explaination. Also, the buying power is sometimes so ridiculously high. I have had occasstions where I go on buying spree (within limits) and next day they give cash call! Buying power and margin int just does not make sense. I have had situations when they corrected margin interest and plat investor credit couple of times in a month. Its so easy to cheat if they wanted. Who really calculates the margin interest or platinum trader discounts?