SI
SI
discoversearch

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 : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?


To: Joanna Tsang who wrote (3883)12/31/1998 9:10:00 PM
From: AlienTech  Read Replies (1) | Respond to of 6021
 
Joanna, Alex brown sucks is putting it mildely. NET means the price you want to get so telling them to sell at 60 1/2 NET means they can sell at 80, give you 60 1/2 and they keep the rest. But if you had mentioned to them anything about a stop loss or if it goes below 60 1/2 etc then I would suggest you call and talk to a supervisor. They are supposed to be a full service broker and the least they can do for their exorbent fees is to make you under stand the differences between all the orders, thats what a full service broker is for. Why the hell would you pay them 200 bucks for an order when brown charges you 5 bucks? 60 1/4 is the lowest price the stock traded for last week, Its not only a low blow but its stupid. You also got to understand, Alex brown is big in the IPO business and they deal with Stock options from employees mostly and screw them over royaly. Most employees are not going to look back 5 bucks a share when its sold for like $250/share. And even if they did they most would not uderstand.



To: Joanna Tsang who wrote (3883)12/31/1998 9:33:00 PM
From: justaninvestor  Respond to of 6021
 
Joanna .."Heres's the situation: I asked over the phone to sell at 60.5. They asked if it's NET to me? I said yes. Now what does "NET to me mean?" (They sold at 61-1/4!)"

Is your commission at those price levels typically $0.75/share, because whoever you spoke to had to input your sell order based on that rate. I've never heard of that before - asking the "net to you" question.