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Sorry, I meant to send this to the group also.
TradeWell,
Joe Frabosilio
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Message-ID: <372E468A.3FE197B2@xxxxxxxx>
Date: Mon, 03 May 1999 19:59:54 -0500
From: Joe Frabosilio <joe6964@xxxxxxxx>
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To: RobertD207@xxxxxxx
Subject: Re: Fidelity Commission Schedule
References: <5b8cb3f6.245f9970@xxxxxxx>
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Robert,
I don't use Fidelity, but they (Fidelity) are getting greedy. So, by
complaining I don't think would do any good. The best thing is to close your
account and move to another brokerage. That sends a clearer message than
complaining. The scary thing is if people start to accept this, this could
become the normal way of trading. This would create a domino effect with other
brokerages, so every trade would be a split trade and a simple commission of
$14.95 could be $50-100 per trade.
Robert, your already spending at least $2500 on commissions, they would rather
see $7500-$10,000 a month on commissions alone.
This is something I'll be watching for with my brokerage. (AB Watley)
Trade Well,
Joe Frabosilio
RobertD207@xxxxxxx wrote:
> John, I just noticed the same thing on my statements. We had a good thing
> going and now at $14.95 per trade, easing into and out of positions is going
> to become very expensive. I am spending at least $ 2,500 per month with them
> if you have enough people respond perhaps we could approach them as a group
> an request that continue that plan for very active traders.
>
> Bob Davis
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