Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : ETRADE Sucks! -- Ignore unavailable to you. Want to Upgrade?

To: Michael B Williams who wrote (2224)	4/16/1999 7:06:00 AM
From: zoya	Read Replies (1) \| Respond to of 3262

michael, i have felt the same way.anytime it is to our advantage these systems do not work.i too feel it is orchestrated such that it will not work.or else how is it that it stops working just when it is critical for us to trade.the minute the selloff ends,we can get back into the account and find that the stocks we hold have gone down in value.these online brokers know they can get away with it.they have gotten away in october 1997.they probably soldoff everyone on margin and then the market reversed after that.

To: Michael B Williams who wrote (2224)	4/17/1999 1:54:00 AM
From: AlienTech	Read Replies (1) \| Respond to of 3262

>>Does anyone here think maybe it's time we start writing the SEC and maybe the House and Senate banking committee heads to start to look into these system wide outages that affect all the on line brokers at the same time? << Already done! WASHINGTON (CBS.MW) -- The Securities and Exchange Commission said for the first time Friday it's investigating online brokerage outages following a nearly continuous series of service problems this year as Internet trading demand has soared. cbs.marketwatch.com

To: Michael B Williams who wrote (2224)	4/19/1999 9:22:00 AM
From: R. Bond	Read Replies (1) \| Respond to of 3262

Michael, I have seen this sort of thing happen more than once. Of course, it is not coincidence....and probably considered by the Specialists and Market Makers as a godsend that they can't quite believe they have had the good fortune to receive. Imagine being on the inside of the trading market and being able to not only gap prices, but collude in switching off millions of trading accounts. I refer you to the writings of Richard Ney. He has written 3 books. Any one of them should enlighten you somewhat. As for the SEC, I don't hold out much hope for action from that quarter. You are on your own, son. Cheers, Bond