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Non-Tech
Wit Capital - The way of the future?
An SI Board Since January 1998
Posts SubjectMarks Bans Symbol
16809 64 0 WITC
Emcee:  Joe Lamantia Type:  Unmoderated
Introduction Market Data Compact
After reading an article from the February 1998 'WIRED' magazine
titled "WallStreet.com" on the evolution of Wit Capital I thought
this would be a good thread for the Silicon Investor.

To recap very briskly - Wit Capital hopes to eliminate the spread
and order flow payments we all knew were slowly eating our lunch
by putting buyers and sellers together on the Internet, matching
them by and in doing so taking a tiny percentage as their income.

In March of this year they plan on beginning with a small basket
of NASDAQ stocks and adding more stocks slowly over time.

I am interested in your opinions and whether or not you have been
to their site www.witcapital.com along with those of you who
have signed up as members. I have and have participated in one
of their IPO's along with trading with the normal bid/asked spreads
through their full service brokerage system. At $14.95 it is in
the middle ground and as such has heavy competition.

I think the future belongs to those who take control of their own
destinies and setting up and running a system similar to what the
big boys use (Instinet and Posit are examples) for all the people
who call themselves investors on the Internet is the way it should
be done and may well if we are willing to let go of the programming
we have learned from the current market concepts.

Comments are welcome.
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ReplyMessage PreviewFromRecsPosted
16809Lonnie. Your Dec 2000 "throw away the key" was right on target. Thifleneer-12/26/2002
16808here's the annual check in wit we really do miss you l poseylonnie posey-2/5/2002
16807You haven't posted in awhile lonnie. Maybe this will get you out of hiding -Goodale-11/12/2001
16806well lock it up and throw away the key witless is done this maybe thee last lastlonnie posey-12/13/2000
16805Elroy Wit does have the Soundview Institutions and probably others now too! I A1BRIAN-11/19/2000
16804Frankly I don't understand Wit's business model anymore. With a bunch oElroy-11/18/2000
16803With no regular customer complaints to handle anymore and a dead IPO market whatA1BRIAN-11/16/2000
16802oh the mammaries..........wish i didnt know now what i didnt know thenpurecntry5-11/13/2000
16801hopefully for the last time good bye witless thanks for the memorieslonnie posey-11/9/2000
16800I was told by Wit that our ALTA DSP open orders will be carried over to E*Trade.AmericanVoter-10/26/2000
16799Same thing happened to me. I think the symbol changed. The issue was a POS andRoger Richards-10/19/2000
16798Ouch! They transferred my Wit account to Etrade which was fine. But my shares Rookie-10/19/2000
16797Thanks for nothing Wit, you gave me only crap.pig4xmas-10/17/2000
16796sorry but i thought of it first good bye WITLESS thanks for the memories see ya lonnie posey-10/10/2000
16795Dear Wit Cappy, Thanks for allocating me 1000 shares of the Juniper and Akamaicyberman-10/5/2000
16794Will we receive end of year summary statements from Wit?Elroy-10/4/2000
16793I would prefer to be the last to say good-bye. Good-bye Wit. Thanks for the greaGoodale-10/4/2000
16792Just wanted to be the last to say good bye witlesslonnie posey-10/4/2000
16791Everything seemed to transfer ok for me....catch you all on the Etrade IPO threaKeith J-9/30/2000
16790Here here! Some of my best wit allocation memories: BOUT (my first) KANA STOR HTed Resnick-9/28/2000
16789So long WIT - I missed you and the IPOs that I got ! As much as I complained aA1BRIAN-9/28/2000
16788Etrade's customer support is 1-800-786-2575Elroy-9/22/2000
16787Have not received my package either - spoke to Wit and they said they were stillTed Resnick-9/22/2000
16786Thanks. 4-Bob4 - Bob-9/22/2000
16785Bob, Just in case you or anyone else haven't seen this - you might want to Patricia Meaney-9/22/2000
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