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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (45185)	3/8/2006 4:37:10 PM
From: Andrew	Read Replies (2) \| Respond to of 313046

Its coincidence I was talking to someone at another banks discount brokerage just yesterday about my commissions. It was an account that until just very recently was a long term account that had very little activity but markets and how we manage accounts can change. I wanted them to change my account to have their premium discount. They are telling me I need 6 months track record 2 show I can make 2000 in commissions a year (LOL like thats hard with the current fee structure). I said well I've generated 1000 in commissions in the last 2 weeks so lets do it. Considering I have another account there I manage which already qualifies I figured it would be no issues they can see ok this guy is an active trader. All I got was resistance and finally a promise to have someone call me. NO return call today. I think they are gonna lose a couple accounts ; ) I also already deal with TD and I'm happy that these changes are coming. Its nice that this new deal is not about how much value in commission one generates to be able to get discounts.

To: Cogito Ergo Sum who wrote (45185)	3/9/2006 12:40:44 AM
From: Taikun	Read Replies (2) \| Respond to of 313046

Etrade does the same sting for 1000+shrs, 1 cent ea. A 101,000 trade of 0.04 cent shares would be 9.99+1000 or $1009.99 at Etrade and 0.2% of trade value or $80.08 at Interactive Brokers. Options are 9.99 at Etrade, $1 at IB. I mainly opened the Etrade acct for warrants and Canadian mutual funds, everything else should be done at IB. These places all have the same insurance. On a service note, Etrade is bad. I have been on hold over 1 hr twice (OK it was RRSP season, but IB never had hold times more than 15mins in my experience) and 20mins recently at Etrade is still too long. Today I saw the NYSE IPO and thought I'd give the Etrade acct a quick juice to the NAV (I guess I see this as an easy scalp over one or a few days) and to my shock, after placing the trade at IB (NYX shares and calls) I entered the same order at Etrade and for NYX and NYXCO (Mar $75 Calls) I got an 'Invalid Ticker' error. Later, after the market closed and I had the time to sit on hold, I was told sometimes they 'miss IPOs'. OK, maybe a junior but the biggest US stock market's own IPO?? I think Canadian brokers offer poor service at high rates.