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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (2453)	6/8/2002 4:18:11 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 17639

Merrill Lynch Well, after a couple of years of trading through Merrill Lynch, I am leaving them. I went there because they gave me a flat rate of 1% of my account value per year for commissions. This worked out to be a great deal for me considering the amount of trading I do. In the past two weeks they have done two things that have just really pissed me off. The first is that they made a mistake entering an options order that I placed over the phone and then tried to make me cover the delta when I had them back out of the trade. It took me two weeks to finally convince them that they were wrong and that if they made me eat the loss (about $2000) that I would pull my account right then and there. They finally geeked after trying to split it with me and me not budging a bit. My opinion is that they shouldn't even have asked me to eat any of it Schwabie. And schwabie has better online trading anyway. I frequently talked with my broker at Merrill to get market sentiment input. I am his only client that has made money in the past 6 months. None of his other clients hedge with options or short stocks. And they seem to be doing their damndest to drive me away. I won't even give them a chance to salvage me as a customer. They are still locked into trying to sell their stocks to their clients rather than trying to help them make money. My broker never stopped trying to sell me on Merrill's "consults" programs. He tried to get me into and S&P fund, one where I would have to pay yearly fees. I asked him how that fund would be better than me just going out and buying a bunch of SPYs. He couldn't answer. I am convinced that my lack of interest in the consults program is why they are not interested in retaining me as a client.