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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: Fredman who wrote (3364)	10/16/2003 1:36:51 AM
From: Paul Senior	Read Replies (2) \| Respond to of 4690

I don't know about about AMTD offering "long-term growth value". P/sales, p/book too high for me for me to consider it a value stock. As for being a Buffett type, there doesn't seem to be a moat, just that AMTD might be the price leader (for now) in a certain type of trading. Perhaps though I have glanced too quickly at the company? ---------- Your Fidelity costs seem VERY high to me. Maybe you're not using internet trading or only trading very infrequently? (Or making much larger share purchases than I am accustomed to!!) Fidelity has just this month lowered its commission rates, and as far as I can tell (I've not competitive shopped among brokerage houses), Fido now has among the lowest commission rates for limit orders under 1000 shares.

To: Fredman who wrote (3364)	10/17/2003 2:18:13 PM
From: Shane M	Read Replies (1) \| Respond to of 4690

Fredman, FWIW, I changed my broker from Ameritrade to Scottrade following Ameritrade's buyout of Datek. I loved Datek, but Ameritrade seemed to come in and muck things up. To me Datek had a better name and user site, and Ameritrade screwed up everything I was used to. The kicker that made me move though was the high expenses Ameritrade instituted following the buyout. Trades only went up a dollar, but other expenses went up alot. Also was hard to get a reply from a live person following the merger as all questions were funnelled to the FAQ which as we know often doesn't answer the question. I honestly don't like Scottrade as much as what Datek used to be, but Scottrade's low expense philosophy suits me, especially since I often hold stocks through spinoffs, buyouts, etc which is now expensive with Ameritrade. Shane