SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : SI vs. iHub - Battle of the Boards Part 2 -- Ignore unavailable to you. Want to Upgrade?


To: CountofMoneyCristo who wrote (1936)5/15/2001 1:05:48 AM
From: Tim Luke  Read Replies (1) | Respond to of 5315
 
thanks for that post...i have printed it out and will send it off to the proper people handling this issue....



To: CountofMoneyCristo who wrote (1936)5/15/2001 9:49:00 AM
From: Paul Senior  Respond to of 5315
 
Nice post, Count. Very informative for me. Thanks. eom.



To: CountofMoneyCristo who wrote (1936)5/15/2001 11:55:15 AM
From: Silver Clay Art  Respond to of 5315
 
"Here is how this process generally works:

1. A day trader joins a chat site, where he/she may be asked to provide privileged information about which broker he/she currently uses;

2. The site recommends one or more brokers, with whom the site has made illegal payment-for-order-flow agreements;

3. The trader becomes a client of the recommended broker;

4. The broker reports to the chat site the account has been opened;

5. The brokerage and/or chat site may "train" the trader in the hopes he/she does not go bankrupt too soon;

6. The site issues countless buy and sell advisories, in an effort to rack up as high a trading volume of its members for commissions as possible;

7. For providing this commission revenue stream, the broker pays the chat site a percentage of all commissions (often as high as 30%);"

Unfrickenbelievable!!!

I still say it is scandalous that SI allowed this to continue for so long.IMO



To: CountofMoneyCristo who wrote (1936)5/15/2001 7:14:32 PM
From: Don Pueblo  Read Replies (1) | Respond to of 5315
 
That is the best single article I've ever read on the subject. I applaud you for making it public.

I would humbly suggest that you send a Private Note to Admin Jeff and ask him to add a (C) to your article, in order to protect your copyright. You can copyright it under your alias.

Thanks again!

TLC



To: CountofMoneyCristo who wrote (1936)5/18/2001 11:37:11 PM
From: Tim Luke  Respond to of 5315
 
such a pleasure speaking with you on the phone this evening..