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Non-Tech : Preferred Capital Markets - Attitude Online Trading -- Ignore unavailable to you. Want to Upgrade?

To: bob wallace who wrote (27)	3/18/1999 11:19:00 AM
From: stumpy	Read Replies (1) \| Respond to of 49

Preferred is very good in all respects except that you cannot place stop orders on Nasdaq stocks ever, and you can only place stop orders on NYSE stocks when curbs are out...just like a daytrading firm. Since I am one of the world's leading chicken-s---, this has been a problem for me but might not be for you. Here's an example of one of my typical trades: I shorted HWP yesterday at 73.25. From the chart you can see that 74 is firm resistance..obvious stop at 74 1/8...I watched the stock go up to 73.75 and chickened out. Today it sells off down to 71. If this doesn't bother you I can endorse them absolutely. Their order routing is excellent, just one step below doing it yourself, if you knew what you were doing. Since they charge per share except when you press the 7.75 button (routes to a MM for Nas for $7.75), comissions will vary depending on the size of your trades. Also I hear they are excellent for options...they are located in the same building as the Pacific stock exchange. Non browser based order entry app is very quick, but it doesn't keep track of your P/L in realtime.