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.

Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (1641)	11/28/1998 9:34:00 PM
From: BradC	Respond to of 4467

<a close look at Priority now> I had a look at the Priority rates and their broker assisted fees are still higher than Etrade. Min $50 vs Etrade $42. The min electronic Priority $30 vs Etrade $27 is higher as well. prioritybrokerage.com On the service front I have had strange experiences with Etrade as well. Many times I enter an order and then check status and it says 'Order rejected' or something like that. I check again a few mins later and the order is now either open or filled. Another recent experience was an order which was not filled even though the market traded through my price. Next day they showed a fill and the day after they cancelled the fill, go figure. (It wasn't an order I was particularly concerned about and I didn't have time to follow up on the phone immediately, but in retrospect I should have called to find out what on earth they were doing). I also have had problems with slow reporting on fills. The bottom line is if you have any doubt about an E*trade order call and confirm, don't believe anything on the screen. I agree the extra $15 for broker trades in the fine print was a bit sneaky but it's still quite a bit better than the $.06/share ($.08US) some of the other brokers will nail you for on broker orders. Also they claim for option spreads and assignments this fee is not charged but I believe it is charged for other option exercises. Brad

To: keith massey who wrote (1641)	11/29/1998 12:17:00 PM
From: keith massey	Respond to of 4467

To: keith massey (who wrote...) From: etrade (Trial Member) Saturday, Nov 28 1998 7:35PM ET Thanks for posting my message Keith. I've calmed down a bit now, but only after sending Etrades "we've lowered our fees" message and both commission schedules to a few reporters. I'm not sure about the $15 as until the fee change Dec 1 the price has been the same for web and phone. It probably isn't much of an issue anyway since their server has (so far) been very reliable. Only once or twice have I gotten a "function not available" message, and the problem was cleared up in minutes. I do get the impression that one will be taken care of if the right thing is said to the right person, unlike the continual horror stories posted about the banks. If you have any problems go straight to Customer Service manager Mark Phillips rather then the no nothing front line staff. I have perceived a slight slowing lately in order execution relative to what it was. Perhaps there are too many reading this thread and abandoning the banks. I have been doing the switch the order thing that others have mentioned. Even with it slightly slower they are miles in front of Scotia who recently responded to a complaint "it only took us 6 minutes to change your order". I can see the advantage for you in trading higher priced shares. I more often trade the BII and WSP type. Last weeks 6000 BII trade that cost me $60 will cost $180 with the new "lower" fees (only $45 at Priority...with stop loss!). Anyone trading $1-$5 priced shares over $3500 is in for quite a shock next week if they haven't checked the fee schedule since it was "lowered". I'm hoping a backlash will lead them to rethink it. In many cases it would be cheaper for an investor to aquire shares 1000 a day over multiple days then all at once. As for the stop loss and short sales, they told me in May that stop loss was presently being worked on. This week they tell me it is comming but no date has been set. It sounds like everyone is being told something different. I'm sure any target for shorts is wildly optimistic. I wish they would forget about the gimicky stuff (options analysis, voice contact over the net, access to briefing.com) and get the basics covered. I certainly wasn't impressed with my trial of PC quotes, considering the price, although Stockwatch reliability might make me rethink that. The 3 hour drive from here to SwiftTrade's room is starting to look like something to consider, or else dump it all into Tips and forget about trying to trade with what we're up against.