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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Tony B who wrote (1492)	12/9/1998 5:18:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

Tony: Brown and Co. from what I hear are very good. But I did hear a few complaints during the last major inet move a couple weeks back, when everyone got hosed. Brown does have acceptance requirements. You have to open the account with $15,000. Have a net worth >$50,000 (exclusive of your home) and have investment experience >5 years .... I think it is 5 years. But they have $5 orders up to 5000 shares and $10 limit orders. I am paying $30 per 1000 at Schwab. Making them some serious money. Perhaps others here will suggest a broker that they like. I was not hearing good things about Datek, Ameritrade, and a few others. E*trade seems to be streaky but most like them. Hope this helps TJ

To: Tony B who wrote (1492)	12/9/1998 6:00:00 PM
From: Poet	Read Replies (2) \| Respond to of 56535

Online Brokers: My experience has been with DLJ Direct and Waterhouse. DLJ: They charge $20 per trade and have a really fast, well-run website. When you've bought or sold, you get an immediate on-line confirm. The help via telephone I found to be very brusque, borderline rude. To be clear, though, this was my first experience with an online discount broker and, as a newbie, I felt I needed more help than they were willing to provide. So I switched to: Waterhouse: They charge $12 per trade. They have a torturously slow website that has tended to go down at peak trading times. By this I mean that there are times during the trading say that I cannot access real time quotes nor get confirmation of trades for 5-10 minutes at a time. The up side is that when you get an account at Waterhouse, you get a personal broker at a local office (there's one here in my part of Ct.) who you can call if the website is down of if you need to ask a question about how to place a trade. I'm going to stay with them because of the personalized service and the lower trading fee. BUT! There are other online brokers out there who I know nothing about. Anyone else want to share their experiences? Poet