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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (16934)1/12/1999 2:16:00 PM
From: Eric Klein  Read Replies (1) | Respond to of 18691
 
Please short frequently using this option and report back whether you get in trouble or not.

I'll think about it.



To: Mama Bear who wrote (16934)1/12/1999 4:47:00 PM
From: Atin  Read Replies (1) | Respond to of 18691
 
Waterhouse doesn't actually care whether you are selling or selling short or even if the shares you are selling are in your account. Those buttons are only there to make you feel good. I once placed a sell order on DELL that ended up being put in twice due to a cancellation being followed by another sell and they actually had me shorting DELL. Luckily DELL didn't rise too much after the sell (wonder why I was selling in the first place) but I still had to take a small loss. I did not click "sell short", and "Shares at Waterhouse" was clicked as it is by default. Waterhouse refused to acknowledge that the problem is the way they handle cancellation of orders and that the buttons "Sell short" and "Shares at Waterhouse" mean nothing.

So be careful with Waterhouse. Better yet, just change brokers since their online trading is always down anyway whenever you really need it up (like this morning) and it just isn't worth it. Also it is impossible to get to a human being when their web site is down (again, this morning).

-Atin