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HERE IS THE NEXT ENRON. HERE IS THE NEXT ENRON. HERE IS THE NEXT ENRON.
CALL THE JUSTICE DEPARTMENT IMMEDIATELY.
> -----Original Message-----
> From: Robert Linders [mailto:mugsnug@xxxxxxxxx]
> Sent: Thursday, February 07, 2002 9:02 AM
> To: omega-list@xxxxxxxxxx
> Subject: TS6 yet an other award
>
>
> Hi guys (girls),
> For several months I am using my personal account at TS but I also trade
> several accounts for other people.
> In my opinion the awards given to TS must be a scam, here is an
> overview of
> what happend:
>
> -> 10 free trades after much more than 10 trades are still not credited in
> my own account (they tell you it will be credited by the end of the month
> you reach 10 trades).
> -> I knew about it, the other accounts never got 10 free trades anyway.
> -> wrong commissions were put into several account (of course not in our
> favor).
> -> the automated trading signals would many times simply skip a signal and
> keep a positions reversed from the actual signal
> -> a few go Long signals would be "interpreted" as go short (quite a
> disaster for a system)
> -> trades were put into the wrong account
> -> paperwork is very labourly and they keep coming with new documents to
> sign
> -> statements from some accounts were send to the address of
> other accounts
> -> short in IRA was allowed than not allowed than allowed
> (delaware switch)
> and now are not allowed
> -> for delaware they assigned new account numbers but didn't tell
> us (so we
> were auto executing in th wrong accounts, missed positions that were
> switched over to the new accounts etc.).
> -> it is irreponsible to trade right now using automatic execution, hence
> 1.5 million is standing on the side lines.
> -> they never get it right and for instance you can not trade multiple
> system in the same symbol (TS doesn't "net" your position as it should but
> complains that you can not be long and short at the same time).
> -> worse is that they keep promissing new software, they confirm a date
> (11/30, 12/25/ 1/7 etc. and last weekend) but they never get to actually
> releasing their software. Better tell us it can not be fixed for
> the next 3
> months !
>
> If after this weekend they still have not managed to fix some of
> the bugs, I
> believe we will terminate all of the accounts (go back to TS2000i).
> How this institution can get an award is beyond me, it is impossible that
> the people who gave the award ever did actually trade with them.
>
> I believe that is it. Be aware of hefty ECN fees (it really add's up). I
> can't believe that these fees are just past on without any "markup". Maybe
> it is mostly markup !
> 5000 shares commission is now 14.95/9.95, great but in ECN fees
> it is $25 !!
>
> I have an award of my own, it is just one finger up.....
>
> Robert
>
> ps. Not to say that if you manually enter your orders you can
> work with TS6,
> the data stream is reliable (not too much outage) and I love it
> not to have
> to download my data all the time. Just for "institutionals" it is not the
> place to be. Also those people are always quite friendly, but does that
> cover up so many mistakes?
>
>
> ===============================
> Robert Linders
> Orlando, FL
> email: mugsnug@xxxxxxxxx
> ===============================
>
>
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