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Strategies & Market Trends : SPARKY'S CORNER -- Ignore unavailable to you. Want to Upgrade?

To: Judy Muldawer who wrote (3785)	11/22/1998 9:24:00 AM
From: Daveyk	Respond to of 4142

Judy,this site ranks brokers: astro.lsa.umich.edu Regards,Dave

To: Judy Muldawer who wrote (3785)	11/22/1998 2:28:00 PM
From: James Wright	Respond to of 4142

Judy -- I was with Fidelity, but switched earlier this year to Datek. Datek is $9.99 per trade (both market and limit) up to 5,000 shares. Overall I have been happy. On very rare occasions, I have a problem connecting but usually can then get on by trying one of Datek's many alternative servers. Thus, at worst, I may suffer a couple of minutes delay. The one thing I don't like is that Datek only allows stop loss orders for NASDAQ, but not NYSE or AMEX, stocks. Hope this helps. -- Jim

To: Judy Muldawer who wrote (3785)	11/22/1998 6:53:00 PM
From: Bruce A. Brotnov	Respond to of 4142

Judy, Fidelity is 14.95 or 19.95 depending on account volume for 1000 shares traded. I have had my IRA account with them for 10+ years and I like the real time quotes that I can use along with trading my IRA and cash account. I have another broker that charges $24.95 but the service is very slow and I am probably going to close it out. With Fidelity I usually have a market trade in 30 sec or less (by the time I pull up order review, it has normally executed already). Bruce

To: Judy Muldawer who wrote (3785)	11/22/1998 10:44:00 PM
From: Dwane Houghtaling	Respond to of 4142

Judy. I like the site Dave referenced. There is another one called Gomez (http://www.gomezadvisors.com/). They use a chart and numerical rating system to rank the sites. If you don't want to check brokers, they have the same service for Travel Agents and Bankers. I've used Datek for about a year. I've had some of the connect problems other's have addressed. Only once was it excessive. Then again, I'm no where near as active as some of the others here. Dwane

To: Judy Muldawer who wrote (3785)	11/23/1998 3:37:00 AM
From: Carl Worth	Read Replies (1) \| Respond to of 4142

Judy- Throwing in my two cents as I use Ameritrade and National Discount Brokers, neither of which have been mentioned so far. I like Ameritrade and market orders are $8.00. Limit or stop orders are $13.00. These prices are based on entering your trades online, which is very convenient these days. Their site works quite well, even during market hours. They offer stop orders on all listed stocks, NYSE, AMEX or NASDAQ. Trades execute promptly but the notification is sometimes less than prompt. If you need to know right away that every trade you make has been filled, you might be better at NDB. I also like NDB, though the trades are a few dollars more, $14.75 for market and $19.75 for limit, placed online. They have a better call-in system for getting quotes and a 100 free real time quotes for each trade you make, which can be accessed online or by phone. I keep this account for the quotes that I get, as I can use this feature when I am out and about. Their site also works very well, and trade confirms arrive by e-mail or fax almost instantaneously. Either company would be excellent for an investment club in my opinion. Since they probably don't need to worry about an execution report occasionally taking up to an extra hour or two, they would probably do well at Ameritrade because of the lower commissions. I have heard that Brown and Co. offers $5.00 market trades, even by phone, but I don't know anything about their service and reliability, nor have I heard anything recently, pro or con. Hope this helps. Carl