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.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: AD who wrote (30996)	4/17/1999 10:57:00 PM
From: ACS_101	Respond to of 122087

I'm happy to answer in public, because Yamner is worth recommending. Their nom de plume is answering the phone on two rings or less. In the 2 months I have been trading with them, (I'd estimate 20 trades, maybe 50 calls) no Muzak indeed -- I have NEVER heard their phone ring a 3rd time. They often pick up before I hear the ringing sound at all. If you are trading at or near the market, they will try to keep you on the phone and give you a verbal trade confirmation on the spot. If there's an opportunity, they'll offer between the bid and ask to get a short off. If it doesn't go, they'll adjust and stay with you until its done if you give them some discretion. This sure beats the guessing game (common with online brokers) about whether your limit offer is going to miss a profitable trade by a 16th. I really like Steve Goldman's newsletter and posts here on SI. They are an important contribution to the education of novice players like myself. He is a great ambassador for their firm. If you can't close the trade during the call, they'll call back to confirm later. This may be an indeterminate period if you traded during market open. I ran into trouble with this once, but I consider this problem to have been self imposed. On that trade, I saw numerous prints at my limit price, figured I'd not hassle them during a particularly busy morning, assuming one must have been mine. I found out later I hadn't filled and the price had moved far away. I won't make this mistake again. I think Yamner will go the extra mile to resolve problems that are legitimately their responsibility. I can't speak to IPO or BB short availability; I haven't been aggressively working with either. Of course it varies by issue, and by day. Steve has posted on this topic on SI and is worth reading. Yamner clears through Pershing, which has a decent inventory of shortable stocks, and they'll go the extra mile to call other brokers for certs when necessary. You can email them prior to opening to reserve certs you think you'll need during the day. Ironically, their commissions are often less than Schwab, due to the latter's 3c per share charge over 1000 shares. I know other onlines are cheaper, but there are just too many ways online broker trading costs the aggressive trader. Finally, I can't compare Yamner with ABWatley or MBTrading -- no experience with either. Any other questions, feel free. -- Alan

To: AD who wrote (30996)	4/17/1999 11:16:00 PM
From: Lucky888	Respond to of 122087

I like yamner, they remmeber you by NAME not number. L.

To: AD who wrote (30996)	4/17/1999 11:22:00 PM
From: Sword	Read Replies (3) \| Respond to of 122087

Since moving to Yamner two months ago, my brokerage account has risen 300%. I couldn't give a rats .... about about their $47 average commission. Typical trade: Time 0 seconds - I dial Yamner. One ring then: Time 4 seconds - Yamner: "Yamner" Time 5 seconds - Me: This is George (they know me by the sound of my voice), I want to buy 1000 shares of xyz at the market." Time 10 seconds - Yamner: "OK, you want 1000 shares of xyz at the market." Time 14 seconds - Me: "Yes." Time 15 seconds - Yamner: "OK, I'm entering the order." Time 25 seconds - Yamner: "You bought 1000 shares of xyz at $ dollars" Time 30 seconds - Me: "How did you do that? I was watching Level II and there were only 100 shares on the ask?" Time 35 seconds - Yamner: "We used so-and-so." Time 37 seconds - Me: "Wow, thanks." I hang up. Time 40 seconds - I enter my trade in my custom PC program that shows that lovely 300% gain. I used to use MB trading. I am very happy with Yamner. :-) -Sword