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Non-Tech : Webstreet Online Broker (www.webstreet.com) -- Ignore unavailable to you. Want to Upgrade?


To: Carl van Rooyen who wrote (35)3/9/1999 8:45:00 PM
From: Tech Master  Read Replies (1) | Respond to of 114
 
Still jousting with windmills Don Quixote?

4 Trades today.... no problems.... and zero commissions.




To: Carl van Rooyen who wrote (35)4/5/1999 6:34:00 PM
From: Paul Berliner  Read Replies (1) | Respond to of 114
 
I've had the same situation w/Webst. as you, but there was a safety feature whereby a flag came up 'similar order on file', meaning that the computer has a flag system so you don't, for example, buy 1000 shares of the same security twice in the same period. Also, whenever you cancel an order, a message comes up to the effect of 'your confirmation # to cancel order to buy 1000 DELL is 988989. PLEASE CALL A WEB STREET BROKER TO CONFIRM <YOU ARE OUT>.

So Carl, its your fault that you did not follow their procedures, and thus I doubt that you'll prevail in the litigation.
As for Webst., I use them primarily for options trading, as the commissions are good and I get unlimited real time option quotes which no other discount broker has. Also, whenever I have trouble with an order, I don't attempt to jam up the computer with multiple entries; I simply call 1800-Web-Trade and a broker executes the order at the INTERNET PRICE. I have had minor problems with them on occasion, but in the world of online brokers its pick your poison. I left etrade for WebSt. over 1 year ago and I'm very satisfied - if you think that its hard to get through on 1800-web-trade (I disagree), then you've obviously never had an account with eTrade.
P.S>>> I've probably gotten screwed on an execution because the price of something changed as I was dialing in due to a problem, but that's always going to be the case - even pros get f--ked on executions now & then. Read James Cramer's article on thestreet.com where he sulks like a 2-year old about a poor execution on Perot Systems.
I think WebSt has a good backup by way of their phone system and brokers that I'm not worried when I have trouble with website executions or balances.
I will not be leaving WebSt. anytime soon.