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It appears that boiler rooms operate in the commodity arena also.
Bottom line is always the investor is responsible for his/her decisions
I guess, but when you take one of these courses that fills your eyes
with $$$ and then sign up with the brokerage firm of the guru who makes
like he cares about the little guy, I suppose it's easy to be duped.
No, they aren't selling fake securities, but they sure seem to be churn
+ burning in this case.
Conrad Bowers
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Posted By: Richard <email deleted> (spider-wl064.proxy.aol.com)
Date: Monday, 21 February 2000, at 10:34 a.m.
In Response To: Who charges the least for buying
options? (chuck)
I don't know about the least,but Main Street Trading Co. might be up
there as one of the most expensive.I opened an accountwith 2500.00 and
at the suggestion of my broker,"just to get my feet wet",bought 4 March
Corn 280 call 1 1/8 entry, 4 March Cotton call 7500 .14 entry, 2 May
Cocoa call 1200 46 entry.The commision was 95.00 each option. Now that
my 2500.00 is about gone with almost half to commisions, I felt rather
pressured into these trades and am angry with myself for trading before
I was ready. Not enough knowledge and didn't do any paper trading, what
was I thinking? Anyway, I don't really know but I think MAIN Street is
high on commission.
Posted By: Richard <email deleted> (spider-ta052.proxy.aol.com)
Date: Monday, 21 February 2000, at 2:17 p.m.
In Response To: Re: Who charges the least for buying
options? (cb)
Thanks for the advice. 12 months of study and saving sounds like a good
plan.I opened that account last August 10th and thought my plan was to
listen to KR alertline, study charts and papertrade. That was until
September 29th when I returned this brokers phone call.At that time he
recommeded not 4 but 6 corn and 6 cotton.I came back with 1 or 2 of each
and he laughed saying that was not worth doing.It needed to be at least
4 or 6 each, so I SAID 4. I don't really mean to complain about it since
I agreed to the trades. Also after one gives a broker a order is it
usual for the broker to tape record it?
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