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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge. -- Ignore unavailable to you. Want to Upgrade?

To: Findit who wrote (686)	11/6/1997 9:46:00 AM
From: DJB	Respond to of 1923

Jim, I have been using eschawb for about 6 months now and on at least 2 ocassions they 'worked' the trade and I got a better price than my limit order. On both trades the savings more than covered the commission. Schwab is by no means perfect but they are not the worst either. Don't like how slow they are in converting my shares of ATPX but I am waiting for a higher price before I sell anyway. Don't think their snails pace will adversely affect me. Dennis

To: Findit who wrote (686)	11/6/1997 9:52:00 AM
From: Emec	Read Replies (1) \| Respond to of 1923

James, Off topic. Jim, Schwab does work a trade, whether through the web or a live person. I often get a trade with "price improvement." I don't claim to be an expert in the mechanics either but I have had numerous discussion with two friends (yes, I do have friends), one used to be a broker and the other is a trader who makes $1,000,000/year (primarilly in currency trading but he has done stocks also) who have explained a little about the mechanics. I am told that Merill Lynch and Schwab get the best executions because they are the two largest firms with the most clout. Good luck.

To: Findit who wrote (686)	11/6/1997 1:16:00 PM
From: Everett Bandman	Respond to of 1923

Off Topic Jim, I don't know exactly what you mean by "work" a trade, but I have had my limit GTC orders filled at better prices than my limit. Also I have had orders filled at the "low" of the day, supposedly the bid price. I agree that e.Schwab is not the lowest cost by a long shot, especially for low price stocks, ie. more than 1 K share orders. I was also impressed that on monday they called me when they incorrecly cancelled a GTC order on ATPX during the confusion.