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.