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Non-Tech : Online Broker Down - Sue 'em - EGRP, JBOH, AMTD, SCH, NDB -- Ignore unavailable to you. Want to Upgrade?


To: risk-averse who wrote (45)2/6/1999 10:53:00 AM
From: majormember  Read Replies (1) | Respond to of 253
 
>>I am saying SCH is ripping me off BIG TIME!!!!

Schwab charged me $400.00 for 40000 shares of a penny bb stock.

E*trade charges $19.95.....don't do bb's at Sch anymore.



To: risk-averse who wrote (45)2/6/1999 11:50:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 253
 
I've had some experience with SCH and prices ticking away from my limit order.

What I started doing was to cancel the order .. for some strange reason, it was almost always to late to cancel as I had already been filled <VBG>.

The impression that I had at the time was that someone was building up (or had already built it up) my order and was expecting me to chase it up. When I would place the cancel in this person would then have to decide if they really wanted to keep the stuff.

After a while they stopped trying to do that to me.

Once or twice the cancel went through .. I figured "so what." These folks have the deck stacked in their favor enough without having to scalp a little more in such a fashion.

I get the impression that there is a record of folks that are willing to chase the price. If this is true then I sure wouldn't want that flag on my account.

Gersh