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

To: John Ritter who wrote (901)	1/2/1998 9:44:00 AM
From: DD™	Read Replies (2) \| Respond to of 3262

ETrash sucks again today. Etrash knocked me off the system again this morning, their server is down. Never open account with these pathetic morons, they do not know how to run a business. DD

To: John Ritter who wrote (901)	1/2/1998 7:23:00 PM
From: Philip R Berber	Read Replies (2) \| Respond to of 3262

John: I agree with you - traders using first generation Internet based brokerage services should pay attention to your remarks. If they dont, they'll probably find out the same way you probably did - the costly way! Worst still is that Internet based traders think that their orders are being directed to the "market' for best execution - in most cases they are not. Orders are being routed to one or two market makers who pay for this "order flow", pick and choose which orders best suit their book, and least suit the trader, and then excute sometimes only part of the trade. And the trader is left wondering why he got a partial fill, 1/4 away from the market and had to wait minutes for the privledge! What people are begining to understand is a concept called "SLIPPAGE" - the true cost of a transaction, including both the commission paid to the broker plus the difference in the price the MM excuted the trader versus what the inside quote was at the time that the order was entered CyberTrader was designed to do just what you say - to put traders on more of a level playing field with the Market Makers. In our Trader Training seminars we speak of "Trading is War" and explain that the Market maker is the primary enemy. Find out more about CyBerTrader and the Training Seminar at www.cyber-corp.com PRB