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No problem with fidelities touch line today
-----Original Message-----
From: Steve Karnish <kernish@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Tuesday, August 04, 1998 7:40 PM
Subject: Re: Fidelity failure
>Bill,
>I know of a number of sad stories that happened during the
>October "meltdown". I believe this is part of the price one
>pays for "cheap internet" trading. The firms that created
>gridlock in October, refused to foster any liability for losses.
> I've even heard of a situation that trades were entered, but
>not confirmed, so the individual reentered the trades, only to
>become net short. Sorry about your predicament.
>Steve Karnish
>CCT
>
>----------
>> From: Bill Saxon <bsaxon@xxxxxxxxxxxxxxx>
>> To: Metastock EMail List <metastock@xxxxxxxxxxxxx>; Fasttrack
>EMail List <fasttrack@xxxxxxxxxxxxxx>
>> Subject: Fidelity failure
>> Date: Tuesday, August 04, 1998 2:01 PM
>>
>> I was out of the market last week except for two stocks, with
>the money I handle
>> myself. With this further deterioration I decided today to
>get out of those two
>> when the Dow was down about 175 pts in the afternoon. I could
>NOT get on
>> Fidelity's Website after a half hour of trying. My wife was
>waiting
>> (impatiently) for me to leave so I consoled myself with,
>"Maybe it will finish
>> higher". Now I wish I had just tried to make a phone call and
>pay the price to
>> get out. Anyone else have a problem? What happens in a real
>meltdown?????
>> This cost me a couple of thousand, what if the whole wad rode
>on some kind of
>> account servicing???
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