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Pastimes : ETRADE Sucks! -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (612)	10/28/1997 12:41:00 PM
From: bw	Respond to of 3262

To jump from? Try one in Palo Alto...<g>

To: DD™ who wrote (612)	10/28/1997 12:41:00 PM
From: jpmattia	Respond to of 3262

As one of the annointed few who has actually seen a response or two from etrade (nothing like a trade, of course), I thought this thread would like a copy of the news flash on Etrade's front page: __________________ Dear Investor, On Monday, October 27th, the market was closed per NYSE Rule 80B at 2:36 pm EST and 3:31 pm EST . The Dow was down over 550 points. All orders entered during open market hours yesterday were processed appropriately. Tuesday, October 28th, may be another fast-moving market. According to NYSE rule 80B, when the Dow Jones Industrial Average declines 350 points from the previous day's close, trading in all stocks is halted for 30 minutes. When the Dow Jones Industrial Average declines 550 points from the previous day's close, trading in all stocks is halted for an hour. NASDAQ has no specific rules regarding these situations, but generally follows the NYSE. During a fast moving market, market makers will try to handle orders as quickly as possible. However, as may always be the case, but is particularly true in an active and volatile market, the prices at which trades are executed may differ from prices you see quoted. ____________ I'm not exactly sure, but I think this is a license to screw you on any trade. :(

To: DD™ who wrote (612)	10/28/1997 12:44:00 PM
From: Vol	Respond to of 3262

have etrade and pbs. no prob with pbs today and yest. could not get through etrade so far today. gonna close my etrade acct when it's over. bought puts yest AM, were up big time this AM. tried to get online since 10 AM today to sell and couldn't. phone busy. now i see puts are back down again. can we hold etrade responsible for this legally? i'm sure they've got something in small print on their acct forms that exempts them from this. Vol

To: DD™ who wrote (612)	10/28/1997 12:54:00 PM
From: Plaything	Read Replies (2) \| Respond to of 3262

All, This is it. ETRADE is screwing all of us and today's inaccessibility is the last straw. I am switching to another brokerage house, this is absolutely ridiculous. I encourage everyone to call and complain about this flaky organization, how many times can they get away with this disservice, this is our money that they have their hands on. Lately, its just gotten worse, even stupid market orders take a long time to get confirmed and there is absolutely no accountability at all whatsoever. Srikant.