Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: R Verchota who wrote (18568)	10/13/1998 5:02:00 PM
From: THOMAS GOODRICH	Respond to of 29386

Unfortunately, some of the ANCR shares sold today were mine. It wasn't at my option to liquidate. Charles Schwab & Company evidently decided to select ANCR as the liquidation candidate in my account, believe it or not AFTER the required maintenance funds were posted to my account. I now have optimal buying power and plan on buying back ANCR although NOT through Charles Schwab & Company! I questioned Schwab as to why they chose ANCR (in my CASH account no less!) as the position to liquidate and their registered representative stated they felt ANCR was the most risky and volatile position I hold. In actuality, ANCR could be the least risky from a downside potential. I find it odd they could not have selected one of the blue chips in my MARGIN account to dispose of. Tom Goodrich P.S. For those of you out there shopping for brokers, consider PASSING UP ON CHARLES SCHWAB & COMPANY! IMO, it's not worth the risk they'll screw you like they've screwed me and I'm not going to tolerate being screwed by this rogue brokerage outfit any longer!