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Re: Internet brokers



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At 4:33 PM -0400 4/29/99, Sidney V. Gold wrote:

>Fidelity does options on the QQQ`and if you have a large account they will
>pay interest on short positions in stocks.
>
>Interest on short positions is very rare in the market for individuals.
>they also have Salomon IPO's if you are picky it can be VERY good their
>commissions are not the lowest but the phone help is excellent. and they
>are very secure.

Second the motion on Fidelity.

  > Executions on the Internet are very fast on both stocks and options.
     (Their new web site is much faster than the old one was.)

  > Commissions are very reasonable for frequent traders.

  > On a market order, you get what your real-time data feed says, no
hidden spreads.

  > Pager notification and trading.

  > And when needed, a real person will answer the phone within a few
seconds (Toll free).

I had accounts with both E-Trade and with Datek and have waited over an
hour on the phone with each to talk to someone. And the really cheap
brokers add to the spread so you pay a lot more.

Bob Fulks