Re: [CANSLIM] Schwab Sux

From: "Rob Miller" <rmiller2@carolina.rr.com>
Subject: Re: [CANSLIM] Schwab Sux
Date: Thu, 7 Mar 2002 11:57:41 -0500

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I use Brown and Datek and love them both.  I've been using Brown for years.
Commissions are cheap ($5 market, $10 Limit) with no add on charges, fills
are instant, website is extremely reliable and fast.  I've never had to call
and place a trade, but when I have called they pick up very fast.  Short
supply is excellent.  I like for my broker to basically be invisible to me.
In other words, I can do what I want when I want without any headaches.
That's Brown.  I'm new to Datek, which is where I have my IRA accounts.
Very satisfied so far.  Love the real time streaming quotes.  I use Medved
Quotetracker which I can link to Datek.  You can even trade through Medved.
I couldn't be happier with my choices.

I've never noticed any problems with bid/ask spreads.  I'm usually watching
real time quotes when I trade and I can see my trade instantly.  It goes off
at the ask, which is what I want.  Limit orders also work great.

Rob

- ----- Original Message -----
From: <dave.bigham@us.abb.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, March 07, 2002 11:23 AM
Subject: Re: [CANSLIM] Schwab Sux


>
>
> This brings up a slightly off-topic question.  What discount on-line
brokers are
> "acceptable" or good?  Are there any hidden costs? I have heard things
like some
> may have higher bid-ask spreads and thereby make up for low commissions
that
> way.
>
> Any other thoughts are welcome.
>
> Dave Bigham
>
>
> |---------->
> |          |
> |          |
> |---------->
>
>------------------------------------------------------------------------|
>   |"Tim Fisher" <Tim@orerockon.com>
|
>   |03/07/2002 10:50 AM
|
>
>------------------------------------------------------------------------|
>
>
>
> Please respond to canslim@lists.xmission.com
>
> To:   canslim@lists.xmission.com
> cc:    (bcc: Dave Bigham/USINY/ABB)
> Subject:  [CANSLIM] Schwab Sux
>
> Security Level:?         Internal
>
>
>
> I was never that happy with my Schwab 401k account, and now they have
added
> the straw that broke the camel's back. Seems they now charge a $3.00
> "handling fee" on both ends of their already expensive commissions
($29.95;
> the former volume discount is gone). I am pulling it and giving it to
> Etrade today. The worst thing is, it's a new fee as of March 1 and they
> didn't even have the courtesy of notifying me. Just slapped it on. If I
had
> known I would have opened an Etrade account immediately, which I guess is
> why they didn't tell anyone.
>
>
> Tim Fisher
> Ore-ROCK-On Rockhounding Web Site
> Owner, Fisher Fisheries, Ltd.
> mailto:tim@OreRockOn.com
> WWW http://OreRockOn.com
>
>
>
>
>
>
>
>
>
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