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


To: Alec Epting who wrote (828)11/10/1997 5:34:00 PM
From: BenYeung  Read Replies (1) | Respond to of 3262
 
Alec, do you have a margin account and you equity level falls below the 35% limit?
I am pretty nervous myself because of my current margin level. Where is a good brokerage house to move to?

Etrade does suck and I hope that its stock will plummet and shorters will win the war. However, my friend ignorantly bought EGRP stock and made 40% in July. I am jealous of that guy's luck but I have no feelings for this crappy company.



To: Alec Epting who wrote (828)11/10/1997 6:02:00 PM
From: Janice Shell  Read Replies (1) | Respond to of 3262
 
...whenever you call a broker and put and order in, you can send the cash in within 3 days.

HUH??? Not with my full-service broker, you can't. And I suspect the SEC would be surprised to hear about this rather doubtful practice. Yes, if you get a house call you can wait to settle; fed calls are dicier; but in my experience you can't buy a damned thing with money you've "promised" to send.

What you suggest is leverage that goes WAY beyond what's allowed by law.