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Non-Tech : E.Schwab problems -- Ignore unavailable to you. Want to Upgrade?


To: jayhawk969 who wrote (908)5/7/2001 8:30:46 AM
From: scaram(o)uche  Read Replies (2) | Respond to of 1401
 
J.D.:

Been off, running around Boston, knocking on biotech doors. Sorry for not answering earlier.

Yes, I play a game with the KDUS market maker. I constantly have a bid in above that shown.

Schwab once told me that the market maker is not required to show lots of 10K shares and above. So, I've often moved in around from 9K shares to 10K shares to 9K with a minimum of 1K to "all or none".

Never shows, and..... when asked, no, Schwab hasn't tried to get my bid shown in the past either. "It's bulletin board" is always the answer.

The account executive and I both suspect this is due to Schwab Capital wanting to get a piece of the spread.

Never thought of that, and have never inquired. Sorry.

What bugs me? The difference in commission when the "stock" (too kind....... ;-) is at $0.99 versus $1.

Cheers! Rick