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Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD) -- Ignore unavailable to you. Want to Upgrade?


To: Douglas V. Fant who wrote (98)11/30/1997 8:14:00 PM
From: Nick Bonafede  Read Replies (2) | Respond to of 1848
 
To all,

I am new to this thread. I would like to sugest the following...

1) Real internet business use is growing leaps and bounds..
2) AMTD is making profit.
3) Even with the recent stock price increases, PE is still at about 30.
4) PE of competition such as Etrade (EGRP) is rougly double.
5) The next generation of investors...the nintendo generation will be ivesting through their PCs (macs too).
6) This stock may be volatile, but long term all I see is up. A near term double (say 6 months) will put its PE in the same range as the nearest competition.
7) EGRP may be declining. I think it is because of AMTD.

My position is buy and hold as long as I can.

Nick



To: Douglas V. Fant who wrote (98)12/3/1997 9:46:00 AM
From: Bipin Prasad  Respond to of 1848
 
Doug and all,

Anybody else having so much fun with Ameritrade like I do ?

I've been on hold for the past 10 mins to place one order.
I called 10 mins before market opened because my online
trading shows, " Non-standard strike price. Contact
customer service." Market opened 1 min ago, I'm still
on hold. Somebody answered the phone and transfered
my call to somebody else and I'm on hold again. Let's
see How Long It's Going To Take - 1 min so far, 2 min,
Kris answered the phone and says she has to transfer
my call to options uncovered again. That's what I started
with over 23 mins ago. 2 more mins on hold. Steve picks
up the phone. Now I placed one order. Market has been open
15 mins. So it took me over 25 mins to place one order.

This one is from wsj regrding e trade, may be this is what I should do. Please send me email if any of you want to join me.:

Investor's Suit Seeks to Force
E*Trade to Increase Capacity

By REBECCA BUCKMAN
Dow Jones Newswires

An investor filed a lawsuit against E*Trade Group Inc., alleging
that the popular electronic brokerage firm can't handle the
number of trade orders placed by its customers.

The suit, which seeks class-action status, was filed late last
month in California by a Washington state resident, Larry R.
Cooper. He claims E*Trade's computer systems often get so
jammed that he and other customers can't execute timely trade
orders -- meaning they miss opportunities to buy or sell stock at
certain prices.

The system's problems were "particularly injurious" to Mr. Cooper
and other customers during the heavy trading days of Oct. 27 and
Oct. 28, when the stock market fell precipitously and then
rebounded, the lawsuit says. The Dow Jones Industrial Average
plunged a record 554 points on Oct. 27, only to rebound 337
points the next day.

Mr. Cooper's suit seeks an injunction to prevent E*Trade from
advertising or prospecting for new customer accounts until its
systems are upgraded to "handle not only the trades of members
of the Class, but any trades that result from the opening of new
accounts," according to the Nov. 21 complaint.

E*Trade said in a statement that is hasn't yet been served with
the suit. But based on the company's preliminary understanding
of the action, it doesn't think the company "has done anything
improper" and intends to "defend this litigation vigorously," the
Palo Alto, Calif., company said.

E*Trade shares fell 3, or 11%, to close at 23 9/16 Tuesday on
heavy Nasdaq Stock Market volume of 3.4 million shares,
compared with average daily volume of about 1.7 million.



regards,

BPP(Bipin's partner)



To: Douglas V. Fant who wrote (98)12/3/1997 12:25:00 PM
From: Bipin Prasad  Read Replies (2) | Respond to of 1848
 
Doug and all,

As you all know that it took me over 25mins to put one order
this morning. Later Ameritrade called me because Steve put
buy instead of sell for orq 27.5 naked put to sell.

So I had to go through this one again. This is how I could put
one order : * I told all of following agents that I'm reporting
this on internet up front. *

10:36 am : John from Ameritrade answered the phone and had to
transfer to somebody because I was "on line" customer.
10:39 am : I was on hold because "all of our agents are busy..."

10:42 am : Flitz tells me all kinds of misinformation,
ei, Flitz : "Oh that's orqay (orq jan call)"
I : "no I want dec puts."
Flitz : "That's orqmy (orq jan put)."
I : "No, that should be orqxy, I want to
sell orq dec 27.5 naked puts. m is for
Jan, I want dec."
Flitz : "I have to transfer your calls to tech
support or trading...."
10:45 am : I was on hold for about one min. Bill says strange
things. ei, "your order is in." even before I told
him what I want to. "aqt is in...."
I : "Wait, I want to sell orq dec 27.5 naked put.
What are you doing with aqt ?"
Bill : "No I'm not doing anything. I'm just saying that."
............

At the end I asked him if he was charging on line rate or phone rate.
Of course, phone rate.

I told him on line Ameritrade has bugs for 27.5 and 32.5 option. So
We have to go through phone. ......, He agreed to take care of the
fee. But that's another story. I have to wait till I get the bill.

It was 11 am(ctm) = 12 in NY. My one lousy order I started 10 mins
before market opened is finally in now. Hope I make tons from this
order. 8^)

regards,

BPP