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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Diana who wrote (70585)	4/24/2001 12:19:50 PM
From: jjeannie	Read Replies (2) \| Respond to of 122087

Waterhouse is much worse. They never fill your complete buy/sell order even though you place to ask/bid prices. They fill your order a small fraction and watch where the price go for sometime and then decide whether they should fill your order completely. For example, I ordered to buy 4000 shares of OPLK at $3.17 (ask price) at 10:37 last Thursday 4/19/01. They filled 300 shares right away ( even though the size of the ask price was 5000 shares) and they didn't fill the rest even though, the ask price $3.17 didn't change for the next 5 minutes and so many trades are executed at the price $3.17 and some are at lower prices. Now, next day it went up to more than $5 and I have lost more than $5000 potential profits. Today, the same thing happened. I ordered to buy 3000 share of OPLK at $4.08 (ask price). At that time bid x ask was $4.05 (1) x $4.08 (50). They executed immediately 1000 shares at $4.08, but they never fill the rest, even though the ask price $4.08 stayed there for the next 5 minutes before it took off. Theses people are all crooks. What I don't understand is why SEC allow this kind of practice happen in the brokerage industry all the time. J

To: Diana who wrote (70585)	4/24/2001 12:56:42 PM
From: Jim Spitz	Respond to of 122087

Diana, If you don't trade too many OTC stocks, NDB is usually pretty good. They just seem to skim a little sometimes. If I place a market order on a NAZ stock with a small spread, I can often get better than the ASK price, but I see the trade listed as traded at the bid. So they make the spread a little smaller, I usually am after more than a few cents per share, and I got better than the ask, so I don't complain. If you are looking for a good broker for OTC stocks, then a full service broker may be better for you because you can bug him/her to get the whole trade done for you. Sometimes I call NDB and let them know I am watching time and sales to see how it is trading. I often get the rest of my fill. Once, though, they took about 273 shares and executed it (out of 20K I wanted to trade) and the rest sat for about a week before it filled. Of course, that was not a day only trade. OTCs are a different kind of animal and need to be looked at differently and traded with care. I got really good service from a full service broker. Stay in the Black! jimS

To: Diana who wrote (70585)	4/24/2001 2:09:54 PM
From: Paul Kern	Read Replies (1) \| Respond to of 122087

Datek isn't perfect but I've been generally happy with them for the last five years. I often receive fills at a better prices than my limit orders and many months I receive an e-mail that they crediting a few dollars to my account because a trade was executed by a market maker that pays for order flow and they are rebating what they received. On the negative side, sometimes the servers crawl, particularly near the open and close, and you can't short stocks under $5.00.