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Non-Tech : Brown & Company New "5 and 10 Store"? -- Ignore unavailable to you. Want to Upgrade?


To: Spaw who wrote (234)11/11/1998 11:37:00 AM
From: dpl  Respond to of 1865
 
Thanks..EOM



To: Spaw who wrote (234)11/11/1998 12:05:00 PM
From: mod  Read Replies (1) | Respond to of 1865
 
As I've said, I have an account at Brown, and like them. They have the best margin rates I've ever seen. $5/trade is damn cheap, too.

But as I've also said, everyone should have multiple accounts. Let me suggest on-line broker Wit Capital <<http://www.witcapital.com/>> as a second account. They specialize in bringing IPOs to the masses, and they certainly succeeded today, allocating me 1,000 shares of EarthWeb at 14. With the stock at 50, I am pretty happy with them right now. Any customer of Wit could have asked for shares, on a first-come, first-serve basis. Democracy in IPOs, what a radical concept. :-)

They will be e-manager for the upcoming Prodigy IPO. I really think it is worth it to have an account with Wit, at least for IPO access (though I also do regular trading through them, in addition to Brown). Yes, they charge $10/trade more then Brown, but my profits on EarthWeb alone will more then pay for the higher commissions.

Dennis