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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Miller who wrote (4319)1/15/1999 11:42:00 AM
From: Sam Citron  Read Replies (1) | Respond to of 13953
 
RE: IPOs via e*Trade

Could any E*Trade account holders please comment on whether they have been able to get in on good IPOs via e*Trade.

Thanks!

SC



To: Jerry Miller who wrote (4319)1/17/1999 11:46:00 PM
From: Will Hou  Read Replies (1) | Respond to of 13953
 
I guess you can look at this either way. Positively, in that they've got alot of subscribers, sort of like early days of AOL, than they could handle; Negatively, customers can go to extremes and advise others not to subscribe. Unlike AOL, where there's little or no comparable competitions at the time, ETRADE got plenty.

I've got both E*Trade and Lombard, and recent experiences with E*Trade prompted me gradually move money out of it (one day my market order won't go through, and I called Trader service, waited half an hour on two lines -- I got two lines in my office -- ended up giving up on them.)

"You get what you paid for". Exactly.

Will

P.S. I think EGRP is running out of gas, and it's time to get some short term puts to protect or profit from (I see next stop by mid-Feb to be at least 65). Greenspan is going to scare some people out of Internet stocks short term, I think.

<<<

this morning the RightLine Split Report said they'd received a lot
of complaints about traders not being able to trade over the past
couple of days.
more complaints came about E*Trade than any other broker.

having customers beat down your door for your service can't be all bad.

could you agree ? <g>
>>




To: Jerry Miller who wrote (4319)1/18/1999 1:55:00 PM
From: italiana  Read Replies (1) | Respond to of 13953
 
Requested E*Trade to check an execution on Wednesday the 13th. It was the day when prices moved downward very quickly. I could not place a buy to purchase EGRP without it moving higher by the time I hit the send button. I then placed a market order (something I do not like to do). Approx. 30 min. later I received a smart alert message that the trade was executed at 89 7/8. That day I called E*Trade and asked for a review of the execution. That request was honored.

Today I received notice from E*Trade that the buy at 89 7/8 should have been 85, Reason: Reported in Error. This review has resulted in a few thousand dollars profit in my favor because I sold that day at 95.

Therefore I believe, as I did in the past, that E*Trade is an excellent and honorable company. italiana