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Well at least you got a profit in amzn, I use schwabb too and the day I
put in an order for some amzn calls schwaabb web site said I had not used
the correct symbol. As it turns out I did use the correct symbol and
schwabb screwed up. They have now done the same thing with 3 of my
trades. Scwabb web is not relegable, I end up having to call a broker at
midnight pacific time and take 1/2 hr while the bro\\ker explains why his
back up system is not working. I any one using a discount broker that
they can not put in orders because the computers are updating ? I need to
dump schwabb, how much money have I lost on this unfilled amzn trader ? I
don't even want to figure it out.
On another note, some one on this list was following SMOD closely and I
recently bought some 17.5 calls, I think there is a possibility of a snap
back to 19 at these levels, however I think it is still in a downtrend.
When it gets to 19 or 20 I amy sell short 100 shares and then sell some
covered puts against it - BTW schwabb couldn;t fill the call order on
their web site either.
I also have 200 shares of IMMU around 5.0, looking to sell some 7.5
covered calls against it, schwabb couldn't fill this order either. I
think schwabb made his $ on the west coast and now that he is so big, we
west coasters are just told" yes the schwabb computers s update from 12
eastern to 6 am, which means if you are on the west coast you could be
down from 9 PM to 4 AM. I need another discount broker SCWABB SUCKS!!!
(thanks for letting me vent!)
SCWABB SUCKS!!! SCWABB SUCKS!!! SCWABB SUCKS!!! SCWABB SUCKS!!!
SCWABB SUCKS!!! SCWABB SUCKS!!! SCWABB SUCKS!!! SCWABB SUCKS!!!
SCWABB SUCKS!!! SCWABB SUCKS!!! SCWABB SUCKS!!! SCWABB SUCKS!!!
On Fri, 19 Jun 1998 17:00:06 -0400 "Jim Greening"
<jimginva@xxxxxxxxxxxxx> writes:
>All,
> I was worried about today being triple witching and being busy
>where I couldn't watch the market, so I put a stop in with Schwab on
>AMZN and SEEK. I set the stop just under the mid channel line of my
>short term up trend channels which is usually a good stop point for
>stocks taking off like AMZN and SEEK have. Of course both were hit.
>That left me with a small gain in SEEK and over a 60% gain in AMZN.
>Not bad for two weeks in AMZN and one week in SEEK and something I
>shouldn't complain about.
> However, it also reinforced why I don't like to give stop orders
>to my broker. It seems like the specialist always takes them out
>before allowing a stock to rise. SEEK stayed down, but AMZN was
>actually up four points for the day. I would have been better off
>with my usual practice of waiting to see if they closed below my stop.
>If I had done that, I'd have a market order to close SEEK Monday and I
>would still be in AMZN. Oh well it never hurts to relearn a lesson
>while taking a great profit <G>.
>
>Jim
>
>
>
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