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To: Justa Werkenstiff who wrote (6966)10/28/1997 1:48:00 PM
From: Paul Dieterich  Read Replies (1) | Respond to of 25960
 
Off Topic

FWIW (and it's certainly worth less now than this morning) E*Trade is back up.

PD



To: Justa Werkenstiff who wrote (6966)10/28/1997 2:18:00 PM
From: Mason Barge  Read Replies (1) | Respond to of 25960
 
Although ETrade took orders from me before 9.30, I have been able neither to log-on to the online account or get anything other than a busy signal from the telephone accounts. I sent them a very nasty e-mail to the effect that, if they cannot capitalize sufficient computer equipment to handle heavy trading days, their more active customers will go elsewhere.

Wall Street Access, where I also have an account, is $25 per trade and was working fine. Their computer is also faster under normal conditions. I intend to move all my business there unless I get immediate confirmation from ETrade that they are committing to a major server/software upgrade. I will say that ETrade has always done an excellent job of getting me good trades.



To: Justa Werkenstiff who wrote (6966)10/28/1997 2:24:00 PM
From: Bobby  Read Replies (1) | Respond to of 25960
 
Justa, Re: E-Trade

I avoided E-Trade because I've heard the service is bad and I am willing to pay a little more to get rapid service. That is why I trade with Schwab. Unfortunately Schwab was just as bad yesterday and today. My theory that by paying higher commissions you get a company that is willing to invest more in infrastructure just doesn't hold true. I suspect there will be a lot of churning of brokers as electronic-oriented customers search for someone who is willing to pay the extra dollars to put a reasonable infrastructure in place. The sad thing is that the infrastructure just doesn't cost that much anymore, yet still these brokers think it is smart to pinch their pennies.



To: Justa Werkenstiff who wrote (6966)10/28/1997 4:05:00 PM
From: James Connolly  Respond to of 25960
 
Justa,

Here is an article relating to your experience form the Washington Post

"For many small investors who use online trading services, there were two crashes yesterday"

washingtonpost.com

Regards
JC.