Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : WANTED Charles Schwab customers. -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (37)	10/31/1997 8:01:00 AM
From: Joe Stocks	Read Replies (2) \| Respond to of 69

If you read around these boards you'll see that everyone had difficulty trading Monday and Tuesday. Whats with all the Schwab bashing? Someone said something about "not 50 times but just only 2-3 normal volume" . There is abig difference between 1 million transactions and 3 million transactions! That means long lines and you guys are crying about getting stuck at the end of the line. Don't fall for this "we should sue" stuff. The scam lawyers only get rich here. They'll settleout of court (so Schwab can get these parasites off their backs), the lawyers will get paid and you'll get nothing. If you don't like Schwab, move your account. That would be an action of taking personal responsibilty and not falling for the "I have been victimized" whining! C'mon you guys! Drop those blankets! Pull out those hankerchiefs and wipe those tears from your eyes! There is still more time left in this game! No crybabies here! We create our own futures! Be a man (woman)! Joe

To: Bald Eagle who wrote (37)	10/31/1997 9:11:00 AM
From: mauser96	Respond to of 69

As far as Schwab is concerned, I doubt if they will spend one cent more than just enough to make it look like they are doing something. They had the same problem several times in the past and didn't fix it. In the last few months even at "normal" volume levels they were down several times, so they had plenty of warning about the problem. I suspect that it is a business decision to gamble with the voume and use the money they save for advertising to attract new customers. After today you would think they would lose half their business but they know inertia and PR will keep most of their customers. Bitching about it on these threads doesn't do a lot of good ,, better to write your congressperson, the SEC and NASD. Perehaps Schwab will do something to compensate us, but I doubt it. Regarding SUNW, I have looked at it recently,looks good except for one huge long range risk. Intel's Merced will be as fast as anything Sun can come up with, and because of the volume will be much cheaper.