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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: funk who wrote (4151)	2/28/1999 10:47:00 PM
From: rodney beasley	Read Replies (3) \| Respond to of 7382

imjust got an email that didnt have too many positives for MB matter of fact it was down right scary,,,i was thinking of heading here but now it dont look so good,,,this thread also smells of promotion more so than fact,,,,i want someone to come out and tell me the real poop ,,good and bad,if there is no bad then your not for real,cause i know there is no such thing as perfect in this biz,,,,,,what is margin for daytrade and if you hold overnite??anyone know

To: funk who wrote (4151)	2/28/1999 10:49:00 PM
From: scanshift	Respond to of 7382

MB Trading and Terra Nova are in the fights of their lives because they do not live by the rules. Funk, I am retyping it again in case you had a hard time reading it the first time. I have had consistent written and verbal conversations with the Securities and Exchange Commission since November 1997, and I am not going to quit. There are rules, and just because you may not care, others do. I have received numerous private messages over the past few months, and for those I am very grateful. They have taught me a great deal. I would like to encourage those private messages to keep coming, now especially from those of you who have had direct dealings with Ross Ditlove, current MB Trading customers who have received comments from any MB Trading employee that ARCA is the best route to use, along with any comments you have about ARCA, MB Trading and Terra Nova. Now I understand why I get so many private messages, and people are afraid to post on this thread. The reason being, they do not want to suffer your abuse FUNK. Myself, I have already been shaken down by a few Chicago cops put up to the job by your pals at Chicago Trading and Arbitrage, which became the Archipelago/Terra Nova ECN, so I do not let your written attacks scare me. By the way, a couple of those private messages suggested that you were posting for Ross Ditlove. That is why I asked you this simple question weeks ago, and you only answered it tonight. I see that Ross used to aggressively post on this thread, and then suddenly stopped. You do remember him posting, don't you. I never knew he posted on this thread until I got a private message that told me. Below are a couple of his posts: To: jawd (106 ) From: Ross Sunday, May 3 1998 8:03PM ET Reply # of 4152 I can not help but notice the rumor mill had been working overtime re:MBTraders covering KTEL shorts. Though MB Trading has always taken a position of allowing our clients and prospects to decide their comfort level of our service and posting unencombured, We believe that some facts should be disclosed re:KTEL from MB Trading. First MB Trading clears through Southwest, which at the time of the KTEL run up did have some stock available for shorting. As the stock increased in value those holders of KTEL long (yes actual long term investors) sold their shares. The shares, which were held in street name and are borrowed for shorting, dried up. The float of KTEL being what it was caused what many would believe to be a dramatic short squeeze. The KTEL float is and was public information. This is a risk of short selling any stock! Kramer of "The Street.com" has an excellent description of a short sell as well as the unfortunate risk and pain of a "buy-in". With regards to MB Trading forcing covers. I personally made the phone calls. I made 4 calls! When on the 3rd day of the KTEL ramp up (settlement date) we called our clients (per SW's demand)who were still short, all 6,000 shares I may add, and informed them of the situation. With regards to our forcing to cover rumor... all MBT clients receive a "Hard to borrow list" as well as instructions that any shorted stock must be verified before the close such that a firm borrow is in place in the event of a fiasco (upside run), ala KTEL, MARG, etc... MB Trading strives to give the utmost in customer support and service. Our procedures are such that our clients are fully advised of possible trading pitfalls before they become disastrous (which had we not had those clients cover, they would have been in) We strive daily to be the best, and thus far our clients have agreed. Lastly consider that Southwest Securities is a very large clearing firm. We are not Sw's only client. SW has thousands of clients and KTEL was not only shorted by our internet community but by traders all over the world both with accounts at SW and not. This is simply the mechanics of shorting. The stock IS NOT YOURS! This is and will always be the risk of trading stock YOU do not own nor is available for borrowing. Our hope is that the truth regarding KTEL and MB Trading spreads as fast as the inaccurate rumor which began this. Thank you for the opprotunity. Ross Ditlove MB Trading 888-790-4800 To: Tim Luke (1357 ) From: Ross Wednesday, Sep 23 1998 11:59AM ET Reply # of 4152 Tim, though we make it a point to let this thread speak for itself I will take this opportunity to address your statement. First off we do not hang up on anyone. The person you spoke with was me. I had to give you the unfortunate news that we do not have in-house training and demos any longer. The reason for this is simple. With hundreds of customers to service and support our staff must be focused on just that. Our time is precious as we maintain many systems in real time and they constantly require attention, kind of like balancing a beach ball on your nose. Though we would love to have an open door policy it is just not possible at this time. At the same time we want all clients, prospects etc.. to have an opportunity to view our software and systems. We have always made arrangements with other MBTraders for a prospect to go visit and see the system. This gives you the opprotunity to meet a new friend in your area, see the MBTrading system at work and hear from a client an honest opinion of our services. I hope this solution is a finer clarification of our reasoning and I look forward to your call. Ross Ditlove MB Trading *** Also note that we do have a couple of demo accounts that can be reserved for 1 or 2 day trails. You must call in and request a reservation for an account.<i/>