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Technology Stocks : Track Data Corporation TRAC -- Ignore unavailable to you. Want to Upgrade?


To: Investor Clouseau who wrote (1902)3/3/2001 7:04:30 PM
From: JamesB  Respond to of 2005
 
Customer service with Mytrack has shown significant improvement over the past 6 months of more. No OLB can ever get it right all the time, but at least they have been listening and working to correct problems as they occur. News feeds, L2 data feeds, market maker routing etc.



To: Investor Clouseau who wrote (1902)3/3/2001 9:18:41 PM
From: 2MAR$  Read Replies (1) | Respond to of 2005
 
Investing Activity Slows Dramatically
Individual investors kept feeding the 1990s bull market, as new technology and lower commissions
enabled them to make cheaper and more efficient trades.

By 1999, 48.2 percent of U.S. households owned equities, compared with only 32.5 percent a decade
earlier, according to the Securities Industry Association. But the prolonged market slump has turned
some investors from the market, and they have taken away business from brokerages and mutual funds
alike.

Customers at the largest U.S. discount brokerage, Charles Schwab Corp. (NYSE:SCH - news),
called in 281,800 stock trades in January, a 26 percent decline from a year before.

New customer accounts slumped dramatically at Schwab's largest rival, TD Waterhouse Group Inc.
(NYSE:TWE - news) (Toronto:TWE.TO - news), in its first quarter. Only 160,000 customers set up
new accounts, down 38 percent from the first quarter of 2000.

Top brokerages aren't the only ones getting hit. Investors pulled an estimated $12.5 billion out of stock
funds in February, based on activity through Feb. 22, according to California-based data service Trim
Tabs.com. Monthly outflows from stock funds have been rare in the past dozen years.

Dramatically lower levels of margin debt clearly indicate investor caution. Trading stocks on margin
means a customer borrows money from a brokerage to buy more stock.

Margin debt hit a record $278.5 billion at the Nasdaq's peak a year ago, according to the New York
Stock Exchange (news - web sites). It has since fallen 30 percent to $197.1 billion.

Investors, who typically borrow more in rising markets to get their hands on as many shares as they
can, face margin calls if their portfolios fall below a certain value. That means they have to pay back
their loans or have their stocks sold out from under them, which can take a deep bite out of their
holdings.

``The people that really got stung bad ... have slowed down,'' Quick & Reilly's McGraw said. ``By the
end of the year, they were kind of done (trading on margin).''

Investors also seem to have foregone those daily -- sometimes hourly -- checkups of their portfolios, a
common practice when they were dreaming of retirement with their high-flying investments.

``People just don't want to count it when it doesn't look that good,'' McGraw said.



To: Investor Clouseau who wrote (1902)3/3/2001 9:33:02 PM
From: 2MAR$  Read Replies (1) | Respond to of 2005
 
Clouseau , I have never mentioned a problem with TRAC in the past , that didn't turn out to be so .

I also don't mention frivously now , that there have been problems with newsfeeds cutting out during the high-rate of PR's coming out after-hours during earning's season .

It is an annoyance only , and not a condemnation
of TRAC in general. But it is a fairly
serious annoyance if you are interested
in reading the the earnings release
of a company after hours and your
news feeds are overloaded ,
and not responding.

Your statement of :
" I've never noticed any problems with the after hours news feeds "

carries so little value in addressing
or correcting this recurring problem, as
we have seen throughout many many months
in the past , when TRAC was having so many
problems , you never experienced
ever a problem then....though many many other's
were.

Don't start this foolishness all over again , because
you are a shareholder. It is non productive and untruthful.
There have been problems with news feeds, this past month or more , though mainly sporadic , but happening
at a crucial time in the afterhours.

It may or may not be TRAC's fault , but may
be within their power to make it more stable.
I am not here to discuss revenues or
trade volumes here with you , only to
report an annoying problem.

Though I would be happy to discus
those as well if you like .

regards

Mars