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

To: snerd who wrote (5218)	1/20/1999 1:09:00 AM
From: Chris O'Keefe	Read Replies (1) \| Respond to of 56535

Snerd: Switching brokers: <<Have lost some $$$ not being able to place orders quickly. >> I can completely relate. My current broker is Ameritrade. Nice guys, but wow, not for momentum plays or anything resembling daytrading. MB Trading/AB Watley, such a toss-up. Maybe it doesn't make a difference. Look forward to hearing how your adventure goes with MBT... Chris

To: snerd who wrote (5218)	1/20/1999 1:55:00 AM
From: Coz	Read Replies (2) \| Respond to of 56535

Snerd - brokers I use Waterhouse and sympathize, but there is a way to get quick executions with them, the dreaded "market order". I trade a few penny stocks and have just given up placing limit orders for them with Waterhouse. I just check the RT quote and if it's what I'm willing to pay, I place a market order. They are very good about getting me the best price and often get it for less than I expected. But this obviously would be very dangerous on a momentum play. If anyone knows of a better broker for penny stock plays, I'd sure appreciate hearing about it. --Coz