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


To: Yoseph Seyoum who wrote (122)2/9/1999 10:30:00 AM
From: Bill on the Hill  Read Replies (1) | Respond to of 253
 
Join the army of unhappy people. Etrade is down right now. 8:25 am on Tuesday. I have been trying to sell MMPT all morning. I know the price is plummeting as I have realtime but cannot access the system to sell my stock. I have become trading blind.. I add this over $800 loss to the fact that I tried to sell the MMPT at a gain of $700 a few days ago and ended up stuck with it because they were down that day. This adds to my accumulated losses of over $12,000 to $15,000 and it is ridiculous. I am just trying to close out all of my short term positions with etrade and move to another broker but it has gotten to where I cannot complete a trade.

I have already talked to and mailed a lawyer. By the way they are still down.



To: Yoseph Seyoum who wrote (122)2/9/1999 3:44:00 PM
From: bh  Read Replies (2) | Respond to of 253
 
No you don't have a case, you placed a Market order to buy. If you wanted to pay $19, you should have placed a LIMIT order.



To: Yoseph Seyoum who wrote (122)2/9/1999 8:13:00 PM
From: Kevin Podsiadlik  Respond to of 253
 
If that was the day I'm thinking of, I'm afraid you were victimized by a glitch in the NASDAQ quotes service, which I doubt your broker is liable for. I put in a market short sell order on a stock ostensibly trading at 11 x 11 1/8 and got 10 5/8, where the market "really" was.

My broker (AMTD) has a disclaimer on the RTQs so I'm definitely SOL. (Happy ending for me, I got a profit anyway.)

The one that eats me was on the day of the Brazillian panic open last month. I requested a cancel of a market sell order a half hour before the open and it got executed anyway. Actually I had two such trades, but AMTD made one right. The other one I had no such luck on.