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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Ross who wrote (1383)	9/30/1998 11:19:00 AM
From: wallacestevens	Respond to of 7382

So when are you going public, and do current customers get first crack at the IPO? <g>

To: Ross who wrote (1383)	9/30/1998 2:22:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 7382

Ross, If your operations are that good, maybe you can respond to the question I left you on Saturday? I'd sure appreciate the response. Message 5847054 Linda

To: Ross who wrote (1383)	10/3/1998 3:07:00 PM
From: Bo Didley	Read Replies (1) \| Respond to of 7382

Commissions are getting CHEAPER !..................... $10.50/SOES Ross, I've been very happy with MB Trading, however, I'm moving. I found a firm that uses Real Tic III/S&P Comstock and only charges $10.50 for SOES orders, regardless of the amount of trades/month. Although MB Trading has exceeded my expectations of a start-up firm, this other firm has been around for many years, so I'm not hesitant to switch to them. They also use the same clearing firm. They have 3 offices with redundant servers and cutting edge technology. They have no stability problems (except for one day a torando ripped through one of their towns) but there was the redundancy of the other satellite firms to execute trades. Besides this freak of nature, they have no stability problems, whatsoever. Something else they have going for them is SUPERB service, including kindly office personnel and solution oriented quick responses. I have been a benafactor of the tier discounts at MBT. 100+ trades/month and getting the RT III for free. However, after doing some number crunching, I found that going with this other firm, I will save a considerable amount of money. Their S&P data and Level II is $250/month. Combined with the $10.50/SOES commissions, overall, it is a collassal savings. So much so, that it has convinced me to move from MBtrading. I have had great success at MBT, and have no complaints, except that your commissions are no longer competitive with similiar Real TIC III operations. I think from my own pocket book. This other firm offers SOES/Island/Selectnet/ARCA They are in the process of updating their web page to let others know they will have ARCA in a week. Just in time for me to move my account. Since this firm uses the same software, the same data, the same clearing house, has been around for years, and has equal service, I am not in the least bit hesitant to move my account. The only thing that would change my mind would be MB Trading matching their commission rate. I also heard that this firm will be reducing their commissions even further. Let us know in the next few days before many of us switch our accounts. Bo

To: Ross who wrote (1383)	11/19/1998 10:26:00 PM
From: Colin Cody	Read Replies (2) \| Respond to of 7382

After reading recent post here I have two questions. I understand that the trades with MBT are done in a Margin, Type 2 account. This was mentioned with regards to not allowing an IRA to trade over the internet. So my QUESTION #1 is what if I wish to purchase a NON-marginable stock. Is this allowed to happen as normally as could be? Or is there a complication or prohibition to purchase non-marginable stocks? Does MBT automatically put a trade into the type 1 or type 2 account as applicable? Are we notified if a stock is non-marginable so we can manage our daily cash/margin? ---------------------------------------------- ---------------------------------------------- ITEM #2 An Example: I open my account with $63,000 cash. I purchase 2,000 shares of DELL @ $62.75 on Monday I sell 2,000 shares of DELL @ 66.oo on Tuesday. I then purchase 2,000 shares of DELL at $63.00 before the close on Tuesday. QUESTION #2 Is there a problem with this? It soulds like people are saying I'd either be prohibited from making the $63.00 purchase either in part or in total, and/or I'd need to come up with additional cash in T+3 days? and/or I'd receive a Fed Call or a Liquidation. Please explain the logic and the "rule". I was under the impression I'd have 2x intra-day margin availability. i.e. if I deposit $63,000 in cash, I could buy $189,000 worth of DELL and as long as I sold off $63,000 worth by the close I'd be "Okay". Is this correct? If not why not? This is how a local firm here in Conn. (All-Tech Trading) computes intraday margin. Colin