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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: derek cao who wrote (13365)	12/16/1997 12:49:00 AM
From: Gil Gilbertson	Respond to of 70976

I am sure you must realize by now that in the major brokerage houses the brokers bring in the sheep, the analysts herd them into the pens and the owners remove the wool. Commissions are just a way to pay the company overhead to run the real operation which is systematically fleecing the sheep. It has been that way for 100 years, but is now changing with the computer becoming the great equalizer just like the gun did in the last century. Commissions will drop to the Ameritrade ($8) level and the scramble will be to control assets so the analysts can continue to do their best work. Here again, the computer with our access to each other and information as never before will be the great equalizer..... It promises to be a great time...enjoy....Yankee Gil, a former broker now trading on the net for myself and family only......