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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?


To: Scrapps who wrote (8848)11/8/1997 1:17:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 22053
 
Scrapps, my IRA acct is just a normal Schwab account, not e-Schwab. So there's no $29.95/trade. I don't pay much attention, but it can be $40-$50 per trade. I think I might could move the account to an e-Schwab account now, but I'm not sure if the amount qualifies (they've changed the rules for e-schwab since I started the IRA acct). It's only got 2 years of IRA contributions in it. When you're only moving $4-6K per trade, then figure in commissions, it's not really worth it to buy and sell too much, IMO. Better to get into a good stock that might make a 10-15 pt move, then consider if it's time to sell. Does this make sense?

So like right here, I won't worry too much if now those COMS shares fluctuate a few dollars either way, because even if I was to time the trades right, the profit would be split with Schwab because of the commissions.

DK